The company behind some of your favourite games has invested in another studio. Tencent, the Chinese conglomerate that owns Riot Games and holds a large stake in Epic, has invested in Yager.
“The Berlin-based game development studio will be receiving a strategic minority investment from Tencent,” reads a press release. “The fresh capital will be used to strengthen both Yager’s development and publishing activities for their current title The Cycle and upcoming projects.”
The developer previously made the acclaimed shooter Spec Ops: The Line and is now working on the free-to-play FPS The Cycle. Tencent, meanwhile, continues to wade into the games industry, adding to its existing ownership of League of Legends publisher Riot and its stakes in Fortnite developer Epic Games and PlayerUnknown’s Battlegrounds parent company Bluehole. The company also owns 5% of Call of Duty and Overwatch parent Activision Blizzard and, separately, 5% of Ubisoft, among other investments.
The press release continues: “Tencent’s investment will leave the studio fully independent – all operations will continue under its current corporate structure and leadership.”
That will include work on “unannounced games in development”, though it’s not clear what those projects entail. A Yager representative declined to elaborate on the unannounced projects when contacted by PCGamesN.