Platinum Games’ CEO Kenichi Sato has confirmed that Chinese conglomerate Tencent has made an investment in the video game developer. It is not clear how much of an investment has been made with Mr. Sato confirming that Platinum Games will continue with the same structure and maintain its independence. Platinum Games’ portfolio includes the Bayonetta franchise, Vanquish, Nier Automata, and Astral Chain. The company is also working on Babylon’s Fall.
The full statement is below.
We would like to announce we have received a capital investment from Tencent Holdings Limited as a basis for partnership. This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure.
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.
Thank you as always for your continued support. Please look forward to what we have in store.
January 7, 2020
President and CEO
Tencent has stakes in a number of different video game companies and this includes owning Riot Games, the majority stake in Supercell, Miniclip and Grinding Gear Games, a substantial stake in Epic Games, and smaller stakes in Activision Blizzard, Ubisoft, Bluehole, and Paradox Interactive. Call of Duty Mobile was developed by Tencent owned TiMi Studios. Back in May Tencent replaced PUBG with the game Game for Peace in China.
Source: Platinum Games