Tencent have reportedly been investing in PlayerUnknown’s Battlegrounds developer Bluehole for a while, however strategies that a deal had gone via have been dismissed as mere rumours final month. Though these reviews have been unfaithful a month in the past, it appears talks have continued to progress, with Tencent proudly owning a 5% stake in Bluehole and in search of way more.
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A Bloomberg interview yesterday with Bluehole chairman Chang Byung-gyu reveals that Tencent are in search of each a publishing deal and an fairness stake within the firm. That would seemingly contradict final month’s open-ended statement from Tencent. “Tencent can be a very important partner for us,” says Chang.
Today, nonetheless, it appears appears Bluehole aren’t fairly able to commit simply but. According to Korean enterprise information supply the Investor, Tencent sought a controlling stake in Bluehole, however the Korean developer declined as a consequence of their already considerable money stream. Chang owns 20.four% of Bluehole, with three enterprise capital corporations holding an extra 15% mixed. Tencent apparently desires greater than the 5% stake they’ve managed to amass, however buy provides have been declined due to the hovering recognition of Battlegrounds.
Bluehole is now valued at $four.6 billion, quintuple its price simply three months in the past.
“There is a joke within the industry that venture capital firms now can be divided into two groups: those who have Bluehole stake and those who don’t,” the Investor quotes one enterprise capitalist as saying.
Tencent’s makes an attempt to purchase in are particularly fascinating contemplating that they already personal a 40% stake in Epic Games, whose not too long ago launched Battle Royale mode for Fortnite has drawn criticism from Bluehole for its similarity to PUBG. In any case, the success of Bluehole and Battlegrounds exhibits no indicators of slowing down.