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July 26, 2021
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Tencent grabs majority stake in  The Cycle  and  Spec Ops  developer Yager

Tencent grabs majority stake in The Cycle and Spec Ops developer Yager

June 22, 2021 | By Chris Kerr

Tencent has acquired a majority stake in Spec Ops: The Line and The Cycle developer Yager. 

The Chinese company, which owns or holds stakes in Riot Games, Supercell, Epic Games, and more, previously grabbed a minority stake in the Berlin-based studio in February

The news comes by way of a translated interview between Yager co-founder and managing director Timo Ullmann and German publication Games Wirtschaft (highlighted by on Twitter by Niko Partners senior analyst Daniel Ahmad).

During the interview, Ullmann said Tencent now owns the bulk of Yager's shares, and indicated the investment was a vote of confidence in the game developer and its freemium shooter, The Cycle

He added that Yager decided to test the waters with the initial minority investment, but eventually realized a more substantial partnership was "logical" as it would allow Yager to utilize Tencent's expertise to make inroads into the free-to-play market. 

"This decision was not made spontaneously, but has grown over time. We decided to start with a minority stake first to see how it goes," said Ullmann. "When it became clear that it made sense for both sides, we prepared the next step. And then, of course, the whole process takes time, because there are many formalities."

Ullmann suggested the Tencent investment would also bring more financial security because "the largest gaming company in the world is now committed to not only a game or a project, but to Yager as a whole."

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