Tencent announced today that by acquiring Slamfire, the parent company of Back 4 Blood developer Turtle Rock Studios, it has added another game studio to its stables.
Turtle Rock will continue to “operate independently” outside of its current California office, with co-founders Phil Robb and Chris Ashton at the helm. The studio said that the acquisition will expand its scale and expand its ambitions for Back 4 Blood.
“We will continue to communicate transparently with everyone, provide the latest information on all our progress through our Trello board, and expand on what makes Back 4 Blood so special,” Turtle Rock Say“In addition, we can do something we have never done as a studio before: turn the universe we created into a truly long-standing AAA franchise. We can now ensure that the Back 4 Blood franchise continues to exist, and we will Keep working hard in its future.”
Eddie Chan, Global Chief Strategy Officer of Tencent Games, said: “We are loyal fans of Turtle Rock games, especially their amazing method of creating cooperative online games.” “We can’t wait to see what happens next. We are very happy to be Part of their future.”
Tencent was established in 1998 and has now developed into a major player in the global video game business. In addition to the internal workroom, it also fully owns Riot Games, Funcom and Fatshark, and holds shares in companies such as Epic, Bluehole, Ubisoft, Activision Blizzard, Frontier Developments and Paradox Interactive. In November, it acquired a minority stake in Yooka-Laylee studio Playtonic; in July, it acquired the British-based developer Sumo Group, which has 14 studios worldwide.
We said after acquiring the Sumo Group that the scale of the industry Tencent now owns cannot be overstated-in 2020 alone, it invested in 31 game companies, although obviously not all of these investments end in ownership-but It also faces some major challenges. Earlier this year, China’s crackdown on games, including the complete suspension of new game licenses in November, had a significant impact on Tencent’s stock price, which is still well below the peak value reached in February.