Tencent's latest games acquisition is Sweden's Sharkmob

Date Type Companies involved Size
May 21st, 2019 acquisition Sharkmob
Not disclosed
Tencent's latest games acquisition is Sweden's Sharkmob

Chinese tech and entertainment giant Tencent has snapped up another game developer, this time Sharkmob from Sweden's Malmo.

The developer was acquired for an undisclosed sum, having been established in 2017 by veterans of Ubisoft's Massive studio as well as Hitman maker IO Interactive. The team has licensed a "cult classic" IP that it hopes to turn into a franchise in the future.

“We view the future of online gaming the same way and Tencent being a leading internet and games platform gives Sharkmob the reach and resources to be a part of that future," Sharkmob CEO Fredrik Rundqvist said.

"Support from Tencent’s incredible group of game teams will allow us to fully pursue our passion of bringing great gaming experiences to as many players as possible.”
said CEO of Sharkmob.

Tencent senior vice president Steven Ma added: “Sharkmob’s creative and passionate team has a proven track record of developing triple-A titles which involves open world settings and various gameplays. We look forward to more exciting innovation for game-lovers by combining Sharkmob’s development capabilities with Tencent’s technologies and expertise.”

Sharkmob is the latest in a long line of game studios that Tencent has acquired or invested in. The firm put some cash behind the CCP vets over at 1939 Games, which was the first cash splash in a while after a rather grim 2018 for the Chinese firm. The firm's boss Martin Lau told shareholders that it wasn't planning on changing its investment strategy any time soon earlier this year

Here's everyone from that Sharkmob picture as we had to crop some people out in the lead

PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.