As we can read in the official press release, Tencent Holdings Ltd.. (SEHK: 00700) (“Tencent”) has acquired the parent company for Turtle Rock Studios (“Turtle Rock”), Slamfire, Inc.
Turtle Rock will form part of Tencent, although it will maintain its independent operation in Lake Forest, California, USA, and its current team will continue to lead all activities in the studio, led by co-founders Phil Robb and Chris Ashton. The purchase will not affect Back 4 Blood, Turtle Rocks exciting multiplayer action game, released by Warner Bros. Game.
“We all want to reunite with the Tencent student family,” said Steve Goldstein, president and CEO of Turtle Rock Studios. “Tencent’s extraordinary partners, their global reach, their deep knowledge of gaming and their unprecedented support will help us create the kind of ambitious games with those we dream of, as long as they allow us to maintain our autonomy and independent spirit. . “
“We’re big fans of Turtle Rock games, especially because of its incredible ability to create online collaborative games,” said Eddie Chan, Director of Strategy at Tencent Games Global. “We can not wait to see what comes and we are excited to be a part of the future.”
Juno Capital Partners represented Turtle Rock as strategic and mergers and acquisitions, Creative Artists Agency represented Turtle Rock as talent agency and Straddling, Yocca, Carlson & Rauth and Kabealo Law acted as Turtle Rock’s legal advisers in the transaction.