Tencent acquires majority stake in Kuro Games

As a seasoned gamer with decades of experience under my belt, I can’t help but feel a mix of intrigue and caution when it comes to news like this. Tencent, a name synonymous with gaming giants, now holds a majority stake in Kuro Games, the studio behind the much-anticipated Wuthering Waves.

Kuro Games, the developer behind the popular game Wuthering Waves, has seen Tencent purchase around 37% of its shares from Hero Entertainment. This transaction means that Tencent currently owns a majority controlling interest of 51.4% in Kuro Games. As a result, Tencent is now the sole external shareholder for Kuro Games.

In a recent internal communication, Kuro Games stated that although Tencent’s shares now exceed those owned by Kuro Games, Tencent has guaranteed them that their approach of self-governing business practices will persist, much like how Tencent manages its subsidiaries such as Riot Games and Supercell.

According to Kuro Games, this alteration is expected to establish a more steady external setting for their business, aligning with their long-term goal of operating independently.

Thanks, Youxi Putao.

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2024-11-30 20:01