informa
/
1 MIN READ
News

Report: Tencent could sink $470M into Battlegrounds dev Bluehole

Tencent already owns around 1.5 percent of the studio, meaning its overall stake could rise to around 11.5 percent.

Chinese tech outfit Tencent might be looking to sink more cash into PlayerUnknown's Battlegrounds developer Bluehole. 

As reported by The Korea Herald, the company wants to purchase a 10 percent stake in Bluehole for around 500 billion won ($468 million). 

Tencent already owns around 1.5 percent of the studio, meaning its overall stake would rise to 11.5 percent.

Any such deal would make Tencent the second-largest Bluehole shareholder, behind company founder and chairman Chang Byung-gyu -- who currently holds a 20.6 percent stake.

Bluehole has confirmed it's looking for investors, although stopped short of naming names. That said, the pair are on good terms, having already joined forces to bring Battlegrounds to China on smartphones and PC

Speaking of the popular battle royale shooter, Battlegrounds has gone from strength-to-strength since the pair linked up in November last year, surpassing 3 million concurrent players on Steam, crossing 30 million players worldwide, and attracting over 3 million players on Xbox One.

Latest Jobs

IO Interactive

Hybrid (Malmö, Sweden)
3.02.23
Gameplay Director (Project Fantasy)

Arizona State University

Los Angeles, CA, USA
2.27.23
Assistant Professor of XR Technologies

IO Interactive

Hybrid (Copenhagen, Denmark)
3.02.23
Animation Tech Programmer

Purdue University

West Lafayette, IN, USA
3.02.23
Assistant Professor in Game Design and Development
More Jobs   

CONNECT WITH US

Explore the
Advertise with
Follow us

Game Developer Job Board

Game Developer

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Advertise with

Game Developer

Engage game professionals and drive sales using an array of Game Developer media solutions to meet your objectives.

Learn More
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more