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Samreen Ahmad · · 1 min readTencent buys maker of hit Nintendo Switch games
“Tencent Holdings has quietly acquired a Japanese creative studio with several Nintendo Switch hit games to its name as part of a talent acquisition spree in the home of anime and manga,” said a Bloomberg report, citing sources.
Details:
- Tencent has acquired about a 90% stake in Wake Up Interactive for nearly US$44 million.
- The Japanese game studio has developed popular Nintendo Switch game Ninjala and helped create Travis Strikes Again: No More Heroes, according to the report.
Dive deeper:
- Tencent’s revenue jumped 13% to US$22 billion in the third quarter of 2021, which saw the Chinese tech giant’s slowest topline growth since it went public in 2004.
- In September, it completed the merger of China-based search engine operator Sogou in a deal worth US$3.5 billion.
Editing by Collin Furtado and Arpit Nayak
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