Tencent has been busy purchasing several video game studios and publishers in recent years. Not only from small studios, but also from well-known AAA game production businesses, are acquisitions made. Now, the Shenzhen, China-based corporation is reportedly even more aggressive in terms of mergers and acquisitions. Because it has just been disclosed that they intend to acquire further video game companies in bulk and on a massive scale. Tencent’s plans were first published on the Reuters website, which stated that the enormous acquisition process was intended to combat China’s sluggish economic growth.
The company is also attempting to expand internationally. However, the focus is now on seeking acquisition candidates in Europe. This concept has actually been mulled over for quite some time, where they wish to discover an innovative company with a talented management team.
In the video game industry, the technology and entertainment conglomerate stated that it will continue to purchase studios outside of China. In order to expand the company’s foreign market capabilities.
Historically, the firm was recognized for acquiring numerous video game studios. Until date, the majority of owned shares have been on a minority scale. This appears to have prepared the corporation to expand its scope through a comprehensive merger.
Numerous firms, including Epic Games, Activision Blizzard, Ubisoft, Krafton, FromSoftware, and PlatinumGames, have joined Tencent. In addition, there are businesses that are wholly owned, such as Funcom, Riot Games, Sumo, Turtle Rock, Digital Extremes, and Splash Damage.
Currently, the company’s video gaming sector generates the most revenue worldwide. Therefore, it is not surprising that this position will be maintained in the future after the worldwide acquisition plan is implemented.
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