Home Entertainment Tencent Acquires Japanese Game Developer Wake Up Interactive

Tencent Acquires Japanese Game Developer Wake Up Interactive

by Mikael Harris
3 views

Tencent’s conquest of the gaming world continues; this time, they have got themselves another notable Nintendo Switch developer.

Continue scrolling to keep reading
Click the button below to start this article in quick view.

Chinese technology conglomerate Tencent Holdings has acquired a 90% controlling stake in digital entertainment developer Wake Up Interactive for 5 billion yen (about 44 million USD).

The sale took place back in September but hasn’t been made public yet. According to game consultant Serkan Toto, “Tencent does not see any advantage in announcing the deal as it doesn’t want to alert the competition and give them insight into their strategy.”

Wake Up Interactive is the parent company of the Tokyo-based game developer Soleil, who developed several Nintendo Switch hits like Ninjala and Samurai Jack: Battle Through Time. It also developed Naruto to Boruto: Shinobi Striker.

Valhalla Game Studios, known for developing the Wii U exclusive Devil’s Third, is also part of the deal.

Tencent had previously acquired Riot Games, the developer of League of Legends and Valorant. The Chinese conglomerate also holds a minority stake in Fortnite developer Epic Games, for now, that is.

This is one of the several private deals Tencent has made to create a stronghold in Japan, as the Chinese government has cracked down on the industry with restrictions over playing time and distribution.

This kind of acquisition is rare for Tencent in Japan, as the company only makes small partnerships to secure publishing rights for future games. Platinum Games, known for Bayonetta and Bloodborne and Square Enix, the developer of Final Fantasy games, have such partnerships with the conglomerate.

Soleli has not announced any new projects based on the sale. Games currently in development such as Wanted: Dead and Vengeance is Mine are likely to be unaffected.

Source: Bloomberg

Originally Written By Epic Dope

Sometimes we include links to online retail stores and/or online campaigns. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Epic Dope Staff

Our talented team of Freelance writers – Always on the lookout – pour their energies into a wide range of topics bringing to our audience what they crave – fun up-to-date news, reviews, fan theories and much much more.

View Posts →

Source : EpicDope

Related Articles

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

NEWS7.ASIA :Tencent Acquires Japanese Game Developer Wake Up Interactive
https://climatiseurs-et-ventilateurs.com   https://paris-restos.fr   https://facebookstore.org   https://fringues.biz   https://www.leparadissurterre.fr  
--
SAC de Rangement pour BÉBÉ LANDOU HOMEASY Sac Organisateur Bandoulière de Poussette Attachable pour Maman bébé Stroller… *  20 mètres -Bordure De Jardin Flexible, avec 20″ Super Fort (Ancres 15 cm) – Bordure De Pelouse, Bordure De Gazon, Bordure en Plastique, Palissade pour Jardin (2×10 mètres, Noir) *  Skechers Go Flex-Stride, Baskets Basses Femme, 37 EU *  * Sporadic multiple renal angiomyolipoma with lymph node involvement: a case report and literature review – DocWire News *  Malignant Mesothelioma Drugs Market Report, History and Forecast 2021-2027| AstraZeneca … *  BQ Witbox 2 – imprimante 3D *  Amscan – PJMASQUES GLUGLU-Gekko – Deguisement – Mixte Enfant – Vert – 3-4 ans, 9902956 *  GROOVE TUBE (Groove Tube) Simple Orange (Three-Dimensional Maze) (Japan Import) *  * How Can It Be *  AI-based Prognostic Tests In Breast Cancer: Why This is a Game Changer – Entrepreneur *  https://www.notre-dame-de-paris.net   https://www.intelli.news/   https://www.casques-audio.com/   https://jeux4video.com   https://www.come2europe.eu   https://www.les-livres.fr/   https://casques-audio.com   https://www.le-paradis-des-bebes.com/   https://www.chaussures.co.com   https://www.sports-chaussures.fr   https://paris-restos.com   https://www.fourniturescolairepascher.com   https://pushkarcity.com   https://sports-chaussures.fr   Tencent Acquires Japanese Game Developer Wake Up Interactive : news7

news7.asia Tencent Acquires Japanese Game Developer Wake Up Interactive