Tencent, the massive gaming giant, has acquired a minority stake in Bohemia Interactive, the developer of games like DayZ and Arma. This continues Tencent's aggressive investments and purchases in recent years.
Mega-conglomerate Tencent is investing roughly $37 million into Dontnod Entertainment, obtaining a minority stake and the option to nominate a board member.
On a forum post Friday, Klei founder Jamie Cheng announced that Tencent, the Chinese conglomerate, has acquired a majority stake in the company. However, he stresses Klei will maintain creative control.
U.S. President, Donald Trump, issued an executive order against TikTok and WeChat and, for now at least, Tencent's messaging platform is the only one of its properties targeted. So, fans of Valorant, League of Legends, and Fortnite can breathe a sigh of relief.
Recently, reports emerged that Sony was preparing a bid to acquire Leyou. Now, it appears that Tencent is the most likely buyer and have entered exclusive discussions.