Gaming Giant Tencent Acquires The Largest Stake In Bloober Team
The Chinese video game giant has become the largest external stakeholder in the Polish video game developer.
Bloober Team is one of the biggest video game developers based in Kraków, Poland and is well-known for making Blair Witch and the more recently released The Medium. Recently, the company formed a business alliance with the Japanese video game developer and publisher, Konami, and the renowned video game holding company, Take-Two Interactive. Now, it seems like the Chinese video game giant, Tencent, has also shown its interest in Bloober Team by becoming the company’s largest external stakeholder.
This news was confirmed by Bloober Team. However, a recent article published by Puls Biznesu, a Polish business and economic issues newspaper, detailed the complete investment. Tencent, one of the world’s biggest video game holding companies, has recently acquired PLN 77.6 million ($19.5 million) worth of shares for a 22% stake in Bloober Team, replacing the previous largest external stakeholder, Rockbridge TFI.
“This is a capital market transaction between Rockbridge and Tencent and as such it was not related to the current commercial activity of our company. However, we greatly appreciate the vast industry knowledge and the entire ecosystem that our new investor possesses. We are glad to have him on board. At the same time, we would like to thank Rockbridge for believing in us and being one of our key shareholders for many years during our journey,” said the President of Bloober Team, Piotr Babieno.
“The trust we have received from Konami, Take-Two and now Tencent is a great proof of faith in our team and strategy. I’ve said it before – but it’s worth repeating on this occasion – the Polish game market is entering a phase of maturity. The phase of speculation is slowly ending, and the verification of foundations and true value is beginning. I am proud that Bloober Team begins this cycle on our market,” he further told. Currently, the company’s stocks are also experiencing a massive increase following the investment from Tencent.
Tencent is very active when it comes to the acquisitions of video game companies. It owns a 100% stake in Riot Games, the developers of League of Legends and VALORANT, and a 40% stake in Epic Games, the developers of Fortnite, with minor stakes in Ubisoft and Activision, too. It comes as no surprise that the company would want to invest in Bloober Team as well, considering the notoriety of its games.
With Tencent becoming the largest external stakeholder in the company, it may be fair to assume that we might see Bloober Team making its way into the mobile gaming industry, as the Chinese video game giant is notorious for its mobile games, such as Call of Duty: Mobile and the to-be-released VALORANT Mobile. It seems like Bloober Team is very excited about its association with Tencent and we’re anxious to see what they come up with.
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