Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 19, 2017
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Tencent acquires 9% stake in  Elite Dangerous  dev for $23.1M

Tencent acquires 9% stake in Elite Dangerous dev for $23.1M

July 28, 2017 | By Chris Kerr




Tencent has picked up a 9 percent stake in Elite Dangerous developer Frontier Entertainment for £17.7 million ($23.1 million). 

The Chinese internet giant picked up 3.38 million newly issued ordinary shares for £5.23 ($6.84) per share. 

Those new shares represent around 9.9 percent of Frontier's total share capital prior being issued, but will only equate to roughly 9 percent afterwards. 

The deal will allow Frontier to gain a foothold in the Chinese market and scale up its various publishing and development operations. 

"Tencent is the market leader in the online games industry in China and operating a premium PC games distribution platform, WeGame," said Frontier CEO, David Braben. 

"This strategic investment will both help drive our scale up, and improve access and accelerate our growth into the key Chinese market. Tencent will be a powerful partner for Frontier, in what will soon be the world's largest market for entertainment."



Related Jobs

2K
2K — Novato, California, United States
[10.18.17]

SENIOR SERVER ENGINEER
2K
2K — Novato, California, United States
[10.18.17]

SENIOR ONLINE ENGINEER (C++, PC / CONSOLE GAME CLIENT)
thatgamecompany
thatgamecompany — Los Angeles, California, United States
[10.18.17]

Community Lead
Crystal Dynamics
Crystal Dynamics — Redwood City, California, United States
[10.18.17]

Creative Director









Loading Comments

loader image