(Image credit: Turtle Rock Studios) Audio player loads. Tencent announced today that it added another game studio to its stable with the acquisition of the company developer Turtle Rock. Turtle Rock is going to leave the office in California and continue to maintain own operations. The studio said that the acquisition will help him to grow in size and expand his ambitions for Back 4 Blood. “We’ll continue to speak transparently with you, provide us with information to make the most of our progress through our Trello board, and expand on what makes Back 4 Blood so special,” Turtle rock said. And we don’t want to do something we have never done before, but turn the universe we created into a real long-standing AAA franchise. We can now ensure that the “Back 4 Blood” franchise stays and we’re going to work on it all in the future. We’re huge fans of Turtle Rocks games, particularly for the way they create cooperative online games, said Eddie Chan, CEO of Tencent Games Global. We can’t wait to see what is going on and were excited to be a part of their future. Tencent, a global videogame business founded in 1998. In addition to his internal studios, he owns Riot Games, Funcom and Fatshark outright, and shares include Epic, Bluehole, Ubisoft, Activision Blizzard, Frontier Developments, Paradox Interactive. In November, the company acquired a minority stake in the Playtonic Yooka-Laylee studio. In July, the company acquired Sumo Group, a UK-based developer with 14 studios worldwide. After the Sumo Group acquisition, it’s difficult to overstate how much profit Tencent now owns in 31 game companies in 2020 alone. However, it’s obvious not all those investments ended in ownership. But with that, it’s also facing major challenges at home. One sign of China’s new gaming, the crackdown which brought in an outright stop in November, made a significant difference in Tencent’s share price, which still goes well below the peak value of March achieved in January.
