Chinese Gaming giant Tencent Acquired Major Stakes in Stunlock Studios: Tencent Holdings has announced that it has become the controlling shareholder of Stunlock Studios. While receiving Tencent’s strategic support, the studio will continue to create games with no changes to its corporate structure.
— Stunlock Studios (@StunlockStudios) July 19, 2021
The majority of Stunlock Studios’ shares have been acquired by Tencent. Tencent will continue to provide strategic support to Stunlock Studios in the future, while the company continues to develop games without changing its corporate structure. Tencent and Stunlock Studios first collaborated to release Battlerite in China in 2016, and the two companies have been working together since then. Tencent paid $4 million in Stunlock Studios in exchange for a 31 percent interest, making it the studio’s largest controlling party.
“It’s an honour to represent the world’s largest game company from the little Swedish town of Skövde. Tencent’s recent investment demonstrates their faith in our ability to develop high-quality games with a strong emphasis on gameplay. It will allow us to accomplish our great vision for V Rising, our current game in development, as well as assist us in future projects, allowing us to expand long-term as a studio,” stated Rickard Frisegrd, CEO of Stunlock Studios.
Michelle Liu, CEO of Tencent Games Global, said, “We’ve known – and been quite pleased by – Stunlock for a long time.” “We will continue to seek out partnerships with the world’s most skilled development teams in order to deliver the highest-quality games to market.”
About Stunlock Studios
Stunlock Studios, based in Skövde, has worked on games like Bloodline Champions, Dead Island: Epidemic, and, most recently, Battlerite Royale. With the release of Battlerite in China in 2016, the two firms began working together. Stunlock Studios, best known for arena brawler Battlerite, is one of the leading independent Swedish game developers in Skövde, with roughly 30 people. The studio creates pioneering and community-driven games with its players in mind, thanks to its enthusiasm for multiplayer action games. V Rising, a Vampire Survival Game, is currently in development at the firm.