A new report has said that Tencent is currently negotiating exits from several of its game studio investments.
The new report comes from Bloomberg, which has cited anonymous sources on Tencent’s plans.
Tencent Exiting Game Studio Investments
According to the report from Bloomberg, Tencent is negotiating exits from several of its game studio investments in Japan, including the Tokyo-traded Marvelous Inc.
The report says that Tencent is currently evaluating its minority holdings in many of the game studios in its portfolio, including offering the stakes back to the studios’ original management teams, even if Tencent incurs losses on the transactions.
Tencent’s focus could be on user-generated content, says the report, with the company looking at games that can support constantly refreshed content.
Earlier this year, Tencent arguably made one of its biggest investment blunders in years, as it was a major backer of Highguard, which shut down just two months after it launched. While it may not be connected, it’s entirely possible that a failure like Highguard has made Tencent re-evaluate its investments.
The game officially launched on January 26 and received mostly negative reviews on Steam from the start. The team pushed forward with additional updates, including new modes, but ultimately decided to downsize on February 11. Then, just one month after that announcement, it was said that the game would shut down.
As of the time of writing, Tencent hasn’t commented on rumors that it is divesting part of its portfolio, and no official statements have been made by any of the studios allegedly on Tencent’s chopping block.
Should comments and/or announcements be made, we’ll be sure you keep our readers updated.
What do you think about Tencent making changes to its portfolio? Let us know through the official Insider Gaming Discord Server.
For more gaming news, check out the report that the PS6 won’t be delayed to 2028 or 2029, and don’t forget to sign up for our Insider Gaming Newsletter.
df
Tom Henderson is Insider Gaming's Co-Founder and Editor-In-Chief. When he's not running one of the industry's leading independent video game websites, he's probably playing an FPS like Call of Duty,…
More from Tom Henderson
Comments