Tencent has added yet one more studio to its steady of sport builders. On Tuesday, the corporate introduced it just lately acquired a majority stake in Tequila Works, the Madrid-based studio greatest recognized for its work on Rime. Financial phrases of the deal weren’t disclosed, however Tequila Works mentioned the funding would assist take its video games “to the next level.” The studio is at the moment working with Riot Games on Song of Nunu: A League of Legends Story. Incidentally, Riot Games can also be owned by Tencent.
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“We are delighted to ally with a partner that allows us to make Tequila Works a stronger studio with access to all the resources required to produce titles of the highest quality, all made with the care and passion our beloved fans know us for as well as the opportunity of bringing these projects to a wider audience,” mentioned Tequila Works chairwoman Luz Sancho.
While Microsoft has dominated headlines with its high-profile acquisitions of Activision-Blizzard and Bethesda dad or mum firm ZeniMax Media, Tencent has quietly amassed an empire of its personal. In 2021, it invested in additional than 100 gaming-related firms, together with Back 4 Blood developer Turtle Rock and Sumo Group in a deal that noticed Tencent purchase the LittleBigPlanet 3 studio for $1.26 billion.