Tencent, which is already the world's largest games company in revenue terms, owns League of Legends developer Riot Games, an 84 per cent stake in Supercell , 80 per cent of New Zealand's Grinding Gear Games , 40 per cent of Epic Games, 14.5 per cent of Glu Mobile, 11.5 per cent of Bluehole, and 5 per cent stakes in Activision Blizzard, Ubisoft and Paradox Interactive.
Earlier this year Tencent spent US$201 million buying control of Funcom, maker of The Secret World and Conan Exiles, and an undisclosed amount for a minority stake in German studio Yager, maker of Spec Ops: The Line and The Cycle.Some games industry analysts have suggested that Tencent is buying games firms as it has a limited games design capacity of its own.
Despite the rash of games industry activity, Tencent may in fact have shifted its focus to other business areas. The company was a beneficiary of the recent lockdown in China caused by the coronavirus outbreak, and it enjoyed particular benefit to its business software lines.
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