Tencent has acquired another new game studio, Chinese studio Kuro Games.
First reported by Youxi Putao — then found by Gematsu — , Tencent has purchased 37% of the Wuthering Waves developer’s shares. When adding it to the 24.4% it already owned, the new acquisition gives the company 51.4% of the shares, and a controlling stake in the company.
The purchase also makes Tencent the only external shareholder of the company.
According to Kuro Games’ internal memo to staff, the studio will continue to work independently. It was iterated that “operational strategy will remain unchanged”. An example used in the memo was Tencent’s ownership in Riot Games and Supercell.
“Based on our past collaborative experiences with Tencent, we firmly believe that this external shareholder change will provide Kuro with a more stable external environment, further benefiting our future independent operational strategies and long-term development,” the internal memo reads via machine translation.
“Over the past decade, our original intention of creating games has never changed, and it will remain unchanged in the next decade. We will continue to love our players, our games, and our team.”
Kuro Games is set to release Version 2.0 of Wuthering Waves on January 2.
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