Tencent Purchases Majority Stake in Stunluck Studios, Developers Behind Battlerite

Tencent continues their acquisition spree by purchasing a majority stake in the Swedish game developer Stunluck Studios, the company best known for Battlerite. Financial details were not publicly disclosed, but given that Battlerite's popularity has been in decline for some time now, it likely wasn't a massive deal. Stunluck Studios commented:

“It’s an honor to represent the biggest game company in the world from the small town of Skövde, Sweden. Tencent’s new investment shows a great deal of trust in us delivering quality titles with our focus on gameplay first. It will give us the opportunity to realize our grand vision for V Rising, our current game in development, and help us in future ventures, expanding long-term as a studio,” said Stunlock Studios CEO, Rickard Frisegård.

Stunlock Studios has around 30 employees and will continue to operate as an independent studio. The company is currently working on their newest title: V Rising, a Vampire Survival game.

Further Reading: Official Announcement