tencent-acquires-majority-stake-in-don’t-starve-studio-klei-entertainment VG247

Tencent acquires majority stake in Don’t Starve studio Klei Entertainment

China-based company Tencent has acquired a majority stake in Don’t Starve developer Klei Entertainment.According to a Klei Entertainment forum post, the Candian studio’s founder Jamie Cheng said the partnership will help the studio “navigate a changing industry,” and allow it to “focus on what we want to do best” (thanks, Gematsu).As part of this agreement, Klei will retain full autonomy of creative and operations across all aspects of the studio, including projects, talent, and more. There are no plans for Cheng to step down, nor will there be changes to staff, projects, or other operations.“Klei has been around for 15…

tencent-have-bought-a-majority-stake-in-don’t-starve-developers-klei-entertainment Rock,Paper,Shotgun

Tencent have bought a majority stake in Don’t Starve developers Klei Entertainment

Klei Entertainment, developers of indie hits Don’t Starve and Oxygen Not Included have announced today that they’ve agreed for Tencent, the media conglomerate that’s been doing quite a lot of buying, to purchase a majority stake in the company. Klei founders say that they will keep “full autonomy of creative and operations across all aspects of the studio”. (more…)

tencent-now-own-digital-extremes-and-splash-damage Rock,Paper,Shotgun

Tencent now own Digital Extremes and Splash Damage

Chinese media conglomerate Tencent have bought Leyou, a name which might not mean much to you but you’ll know some of their subsidiaries: Warframe developers Digital Extremes, and Dirty Bomb devs Splash Damage. Both those studios have issued statements saying hey, don’t sweat it, this will be fine. (more…)

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Trump’s WeChat executive order won’t affect Tencent-owned game companies

By Sherif Saed, Friday, 7 August 2020 13:08 GMT President Trump’s new executive orders are limited to chat and social media apps.On Thursday, United States President Donald Trump issued two executive orders aimed at banning Chinese-made apps TikTok, and WeChat. The executive action prohibits American businesses and people from conducting transactions with TikTok owner ByteDance, and WeChat parent company Tencent. The orders take effect in 45 days, after which the US Secretary of Commerce will clearly state the transactions that fall within the orders’ purview.The orders, which the Chinese government and the two companies in question opposed, are meant to…