Tencent continues to grow its video game business, with minority and majority stakes in several of the biggest players in the industry. However, the company is far from done picking up more names to add to its arsenal. In its latest acquisition, Tencent is buying Tequila Works, the developer behind Rime.
Tequila Works announced the acquisition of Tencent in a post on the company’s website. The studio says the purchase will help Tequila Works continue to grow and work on the original intellectual property. As majority investor, Tencent will own a majority stake in Tequila Works. Tequila Works President Luz Sancho issued a statement on the acquisition.
Tequila Works is currently working on Song of Nunu: A League of Legends Story for Riot Games, which is also owned by Tencent, so the project is unlikely to be impacted by the deal. Tequila Works was founded in 2009 and has developed titles such as Deadlight, GYLT, The Sexy Brutale and The Invisible Hours.
“Tequila Works’ creativity and attention to detail have resulted in titles that have thrilled audiences around the world. We look forward to working alongside the team and building on this foundation to realize their exciting ambitions for future games,” said Pete Smith, Vice President of Partnerships for Tencent Games Global.
Tequila Works is just the latest gaming entity to be brought into the Tencent empire. More recently, Tencent acquired Graven developer 1C Entertainment and Turtle Rock Studio from Back 4 Blood. To keep up with the latest Tencent business moves, Shacknews is your place.