Tencent to buy a stake in Techland and become its majority shareholder

Tencent's investments do not stop and it continues to gain even more ground in the industry. This morning, it announced that it will buy a part of Techland and become its majority shareholder. Thus, the Dying Light studio will now have the backing of the Chinese giant.

Through a statement, Paweł Marchewka, founder and CEO of Techland, explained that this alliance will bring many good things to the studio. So he was excited about this deal with Tencent, which will guarantee them independence, the rights to Dying Light and new opportunities in the market.

Techland to level up thanks to Tencent's backing

Marchewka explained that Techland and Tencent share common goals, so from now on they will work together to offer great things to players. We know that the Chinese company is focusing on the final details to become the majority shareholder of the Polish studio.

"Teaming up with Tencent will allow us to move full speed ahead with the execution of the vision for our games. We have chosen an ally who has already partnered with some of the world's finest video game companies and helped them reach new heights while respecting their ways of doing things," said the creative.

He also clarified that Techland will keep the rights to Dying Light in their hands and that he will continue to lead the company. On the other hand, Marchewka pointed out that they are satisfied with the agreement as Tencent will give them creative freedom while supporting them in various ways.

"I couldn't be happier about us making this giant step ahead toward the future and sharing this moment with you. Thank you for being with us on this journey, playing our games, and being an endless source of inspiration and positive energy that keeps us moving forward. The best memories are still ahead of us!" Marchewka concluded.

The terms of the agreement were not disclosed, but when a majority stake is acquired, generally more than 50% of the company's shares or capital stock is owned. This gives the buyer a dominant position in the company's decision-making, as it has the power to influence board elections, corporate policies and strategic operations.