Chinese Tech Behemoth Tencent Acquires Minority Stake in Yager, Makers of SPEC OPS: THE LINE
Chinese tech behemoth Tencent has officially acquired a minority stake in Yager Development, the German video game developer responsible for Dreadnought, The Cycle, and one of the most overlooked titles in video game history, Spec Ops: The Line.
"Tencent is not only the world's leading games company but also a prolific investor with a stellar track record," Yager CEO Timo Ulmann said in a press release. "We're humbled to join the line-up of Tencent partners which reads like a games industry Who's Who."
"We're confident that this will greatly enhance the scope of our business, not just by getting access to Tencent's network and resources but by tapping the vast industry know-how Tencent possesses," Ulmann concluded.
After years of working on original properties, Yager has recently tried to find success in the first-person shooter genre with The Cycle, a competitive quest shooter that's an Epic Games Store exclusive, now available in free Early Access on PC.
At the time of this writing, neither Yager nor Tecent had revealed any details on the concrete size of the Chinese company's investment, but it's safe to say that Tencent currently owns between 1% and 49% of the Berlin-based studio.