Tencent is a giant company from China that has a huge presence in the gaming space, especially with games like PUBG Mobile, and now a new press release has revealed that Tencent Holdings has acquired 100% of Swedish studio Sharkmob AB for a price which has not been disclosed.
Sharkmob was founded two years ago by veterans of the industry - having worked on games like The Division and Hitman - and at their Malmö office they're working on an unannounced online title and several other projects, being developed together with Tencent.
"We view the future of online gaming the same way and Tencent being a leading internet and games platform gives Sharkmob the reach and resources to be a part of that future. Support from Tencent's incredible group of game teams will allow us to fully pursue our passion of bringing great gaming experiences to as many players as possible," said Fredrik Rundqvist, CEO of Sharkmob.
"Sharkmob's creative and passionate team has a proven track record of developing triple-A titles which involves open world settings and various gameplays. We look forward to more exciting innovation for game-lovers by combining Sharkmob's development capabilities with Tencent's technologies and expertise," adds Steven Ma, Senior Vice President of Tencent.
Is this a good move for both parties?