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Tencent raises its stake in Remedy to 14%

The increase comes three years after the firm first acquired 3.8% of the studio back in 2021

Tencent has increased its shareholding investment in Remedy Entertainment to 14%.

The conglomerate previously held 5% of shares and voting rights of the Finnish game studio.

Tencent initially acquired a 3.8% stake in the Alan Wake 2 studio back in May 2021.

Later that year, Remedy entered a global agreement with the firm as its publishing partner to develop Vanguard.

Last month, Remedy reported its financial results for 2023, which showed a 22.2% decrease in revenue to €33.9 million.

Among its projects currently in development are the remakes for Max Payne 1 and 2.

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Jeffrey Rousseau avatar
Jeffrey Rousseau: Jeffrey joined GamesIndustry.biz in March 2021. Based in Florida, his work focused on the intersectionality of games and media. He enjoys reading, podcasts, staying informed, and learning how people are tackling issues.
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