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Tencent has acquired a 37% stake in Kuro Video games from Hero Leisure for an undisclosed price to extend its whole possession of the studio to 51.4%.
As reported by Gematsu, the transfer now makes Tencent the only exterior shareholder of the Wuthering Waves developer after beforehand proudly owning 14.33% of shares.
Kuro Video games mentioned that it’ll proceed working independently regardless of the acquisition. The studio added that Tencent’s funding will present a extra steady exterior setting whereas supporting its long-term technique of sustaining unbiased operations.
Tencent M&A
Hero Leisure has supported Kuro Video games since 2018, whereas Tencent started important investments into Kuro Video games from early 2023. Although rumors in March recommended Tencent would take a majority stake, the possession construction remained unchanged till now.
Wuthering Waves has confirmed a success for the studio since its launch in Might earlier this 12 months. In accordance with AppMagic estimates, the title has generated $181.3 million in gross income ($126.9m web) thus far throughout the App Retailer and Google Play.
The title picked up the accolade for Finest Audio/Visible Accomplishment on the Pocket Gamer Cell Video games Awards 2024 in August. It was additionally given an honourable point out for Recreation of the 12 months alongside Star Wars: Hunters, with Scopely’s Monopoly Go taking the highest prize.
Kuro Video games ranked sixteenth within the High 50 Cell Recreation Makers 2024 listing this 12 months.
