Chinese sports juggler Tencent to acquire “Majority Stake” in “Strong Dev Clay Entertainment”


After moving from Viserious Vision merged with Blizzard, it has now been announced by Chinese video game giant Tencent – known for titles such as League of Legends And clash of clans – will acquire a “majority stake” in Klee Entertainment.

If you’re not familiar with this Canadian-based developer, this is the studio behind games like do not starve And Mark of the Ninja. The founder of Klee Entertainment, Jaime ‘Bigfoot’ Cheng, states that Klee will “maintain full autonomy of creative and operation in all aspects of the studio, including projects, talent and more.”

In a question on Clay’s website, Cheng pointed out that there would be no immediate change in “staffing, projects or other operations” in the future. As to the reason behind this decision, it will allow studios to “never have to worry about finances”, their “best creative work” and navigate a changing industry.

“There are some boring accounting changes that we will need to accommodate. Also, I will continue running the studio as before, with no changes in staffing, projects or other tasks.”

“It’s been nearly 15 years to Klee, and we’ve made many changes over the years to respond to a changing science. Continually, my desire is for people to do their best creative work, to learn and grow, not to To enable. ” Worrying about finances, and being able to enjoy their lives outside the studio. It has not changed. “

“This partnership helps us navigate a changing industry, and helps us focus on what we do best: creating unique experiences that no one else can.”

According to a report by Niko Partners through GamesIndustry.biz, Tencent invested in 31 deals related to the game industry last year – a new record for the company. These were “a mix of acquisitions, mergers, minor and major bets, and money rounds.”

Some of these deals included a minor stake in the platinum game and a stake in Japanese publisher Marvelous. With 2021 just kicking in, who knows what Tencent can achieve in the coming months.

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