Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
October 25, 2020
arrowPress Releases

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

Tencent acquires majority stake in  Path of Exile  dev Grinding Gear

Tencent acquires majority stake in Path of Exile dev Grinding Gear

May 21, 2018 | By Chris Kerr

Chinese tech outfit Tencent has acquired a majority stake in Path of Exile developer Grinding Gear Games for an undisclosed fee. 

The move was announced in an Q&A on the Path of Exile forums, where Grinding Gear reassured fans it will remain an independent company following the deal. 

In short, that means the New Zealand-based studio will continue to make all the key decisions when it comes to developing and operating the free-to-pay online RPG. 

"We spoke to CEOs of other companies that Tencent has invested in, and have been assured that Tencent has never tried to interfere with game design or operations outside of China. We retain full control of Path of Exile and will only make changes that we feel are best for the game," reads the forum post. 

"We have been approached by many potential acquirers over the last five years, but always felt that they didn't understand Path of Exile, or that they had other agendas. Tencent's agenda is clear: to give us the resources to make Path of Exile as good as it can be."

The move means Tencent can add Path of Exile to a game roster that includes popular titles like League of Legends and Clash of Clans

As hinted in the Q&A, it also means the company will be able to help shape the Chinese version of Path of Exile by requesting trial features, although Grinding Gear again pointed out that it'll only roll out those new features worldwide if they prove to "be a good fit."

You can find out more about the deal by checking out the complete Q&A right here.

Related Jobs

Strange Loop Games
Strange Loop Games — Remote, Remote, Remote

Programmer on PC game 'Eco'
Insomniac Games
Insomniac Games — Burbank, California, United States

Character TD
Camouflaj — Bellevue, Washington, United States

Senior Graphics Engineer
Camouflaj — Bellevue, Washington, United States

Animation Engineer

Loading Comments

loader image