Platinum Games has announced a capital investment from Chinese multinational conglomerate Tencent Holdings (OTCMKTS: TCEHY). The Japanese video game developer is most well known for action titles like Bayonetta, Astral Chain, and Nier: Automata.
Tencent invests in Platinum Games
“This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure,” wrote Kenichi Sato, President and CEO of Platinum Games, in a blog post.
“We hope to use this capital to strengthen our foundation as a business and expand from game development into exploring self-publishing. We also hope that this partnership can give us a wider global perspective, while still creating high quality games that stay true to our name.”
The exact details of the investment have not been disclosed. Tencent has a history of acquisitions and investments in the games industry. The holding company currently wholly owns Riot Games, and has a stake in others like Supercell, Grinding Gear Games, Epic Games, Glu Mobile, Bluehole, Activision Blizzard, Paradox Interactive, Ubisoft, and Miniclip.
With this investment, Platinum Games can focus on publishing its own titles to retain full ownership. Previously developed games like Bayonetta and Vanquish are controlled by their respective publishers instead.