Tencent buys Back 4 Blood developer Turtle Rock Studios

Tencent today announced that it had acquired Slamfire, the parent company to Back 4 Blood developer Turtle Rock Studios.

Turtle Rock’s “independent operations” will continue from its California office, where cofounders Phil Robb (and Chris Ashton) remain at the helm. According to the studio, the acquisition will expand its reach and grow its ambitions for Back 4 Blood.

Turtle Rock stated that they would continue to communicate openly with you all, keep you informed about our progress via our Trello board and build upon the uniqueness of Back 4 Blood. “We also get to do something new as a studio: transform a universe that we created into an authentic, long-lasting AAA franchise. We can now ensure that Back 4 Blood is here to stay and will continue to work on it into the future.

Eddie Chan, chief strategy officer at Tencent Games Global, stated that Turtle Rock’s games are a huge favourite. He also highlighted their innovative approach to creating online games. “We are excited to be a part of their future and can’t wait for what’s next.”

Tencent was founded in 1998 and has since grown to be a major player within the global videogame industry. It also owns Riot Games and Funcom and Riot Games, and Fatshark. Additionally, it holds shares in Paradox Interactive, Ubisoft and Frontier Developments. In November, it acquired a minority stake at Yooka-Laylee’s Playtonic studio and the Sumo Group in July. This UK-based developer has 14 studios around the world.

Following the Sumo Group acquisition, we said it was difficult to overstate the amount of industry Tencent owns. It invested in 31 games companies in 2020. However, not all of those investments resulted in ownership. But it is also facing major domestic challenges. Tencent’s share prices have fallen to a low level since February due to a crackdown on gaming in China.

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Katelyn Gillis

About the Author: Katelyn Gillis

I work as the Editor for The Daily News Global. I try to provide our readers with everything they need to know about the latest Gaming News before anywhere else.

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