Trending Games | Just Survive | Guild Wars 2 | Black Desert Online | World of Warcraft

    Facebook Twitter YouTube Twitch.tv YouTube.Gaming Discord
Register
Quick Game Jump
Members:3,663,935 Users Online:0
Games:948 
Frontier Developments | Official Site
MMORPG | Setting:Sci-Fi | Status:Final  (rel 2014)  | Pub:Frontier Developments
PVP:Yes | Distribution:Retail | Retail Price:$59.99 | Pay Type:Free | Monthly Fee:Free
System Req: PC Mac | Out of date info? Let us know!

Tencent Snaps Up 9% of Frontier Developments

Posted by Suzie Ford on Jul 28, 2017  | Comments

Tencent Snaps Up 9% of Frontier Developments - Elite: Dangerous - MMORPG.com

GamesIndustry.biz is reporting that Chinese gaming giant, Tencent, has acquired a 9% stake of Frontier Developments. The deal is worth approximately $23M and is being used to "augment existing cash reserves". According to Frontier, the funds will be invested in personnel and in its portfolio that includes Elite: Dangerous and Planet Coaster.

Tencent's chief strategy officer James Mitchell noted Frontier's "highly scalable game engine technology, decades of development experience, and increasingly sophisticated live operations" as reasons for the investment. He also noted an increasing level of interest within China in games involving space exploration and theme parks, which feature prominently in Frontier's catalogue of IP.

You can read the full report at the link above.

 advertisement 
Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom