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Report: Tencent acquires Japanese studio Wake Up for $44 million

Wake Up studios have worked on titles like Devil's Third and Travis Strikes Again: No More Heroes.

Chris Kerr

November 11, 2021

1 Min Read

Tencent has acquired Japanese game company Wake Up Interactive for $44 million, according to a report from Bloomberg.

Wake Up is the parent company of Devil's Third developer Valhalla Game Studios and Soleil Ltd, the latter of which has worked on titles including Ninjala, Samurai Jack: Battle Through Time, and Travis Strikes Again: No More Heroes.

Sources familiar with the deal told Bloomberg that Tencent has grabbed a 90 percent stake in Wake Up and completed the deal in September.

Tencent was reportedly keen on the purchase because of Soleil's record of creating quality action titles for console, PC, and mobile platforms.

The news comes shortly after Tencent acquired a 6.86 percent stake in From Software parent company Kadokawa.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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