Remedy Entertainment is one of the most unique (and previously-underrated) AAA studios currently around, with the Finnish developers only recently seeing major commercial success with the likes of Control and Alan Wake 2. Following all the recent buzz surrounding Remedy, shareholder and video game holding company Tencent has now almost tripled its investment in the studio.
Making the announcement (as is legally required in Finland), the team at Remedy Entertainment said:
“Tencent Holdings Limited’s indirect shareholding in Remedy has increased to 2,005,716 shares, corresponding to 14.80 percent of Remedy’s shares and voting rights. Remedy’s registered total number of shares and voting rights amounting to 13,552,651 has been used in the calculation of percentages for the notification.”
Previously, Tencent had purchased 5.01% of Remedy back in 2021, with the studio having since announced that they are working on a free-to-play co-op title for the company. As such, this increased investment is likely a furthering of that relationship – and not indicative of any future acquisitions (hopefully anyway).
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KitGuru says: What do you think of this latest investment? Is this a net positive or negative for Remedy? Will Tencent eventually go the way of Embracer? Let us know down below.
