Tencent is investing into Dontnod Entertainment, approximately $37 million for a minority stake
Moving ahead with self-publishing, now with extra cash.
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What you need to know
In a press release, Dontnod Entertainmentannouncedthat it is receiving an investment from Tencent. The well-known mega-conglomerate is investing around €30 million, or $37 million, into Dontnod Entertainment, as part of a total €40 million in capital, or $48 million, being raised by Dontnod. Tencent receives a minority stake as a result of this cash influx, with the option of nominating a board member.
Dontnod Entertainment is known for its narrative-driven games such as Life is Strange, Vampyr and more recently,Tell Me WhyandTwin Mirror. The funds from this investment will be used to further Dontnod’s plans of self-publishing, as the company is currently working onsix different games. Dontnod Entertainmentopened a new studioin Montreal, Canada to expand its production back in September 2020.
Oskar Guilbert, CEO of DONTNOD, stated the following:
“We are delighted to welcome Tencent as an investor in DONTNOD. It is a real mark of confidence on the part of a leader in online games who has accompanied many success stories and invested in several leading companies in the video game industry. Thanks to this partnership, DONTNOD is perfectly positioned to seize the many growth drivers in the video game industry, particularly in China and on mobile platforms in collaboration with the industry leader. The fundraising announced today will allow accelerate and strengthen the implementation of our development plan, which aims to capture more value from our original creations by self-publishing more games.”
Tencent has invested in a truly numerous number of companies, including Activision, PlatinumGames,Klei Entertainmentand more.
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Samuel Tolbert is a freelance writer covering gaming news, previews, reviews, interviews and different aspects of the gaming industry, specifically focusing on Xbox and PC gaming on Windows Central. You can find him on Twitter@SamuelTolbert.
