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Tencent invests in GTFO maker 10 Chambers

Date Type Companies involved Size
October 1st, 2020 investment 10 Chambers Collective
Tencent
Not disclosed
Tencent invests in GTFO maker 10 Chambers

Chinese tech and entertainment giant Tencent has invested in Swedish games studio 10 Chambers.

The developer revealed the news on Twitter, saying that the Chinese firm had bought a "major stake" in the company. This, 10 Chambers says, will allow it to "reach new heights in the co-op FPS genre." The studio's first title GTFO launched into Steam Early Access in December 2019.

"Since we embarked on our GTFO journey, almost six years ago, we’ve realised that our long-term vision for our studio and what we want to accomplish in the co-op FPS genre, is even more ambitious than we thought back in 2015," 10 Chambers wrote.

"To reach the heights we want to, we need to add more muscle. We’ve been in search of a partner, and we found Tencent, which has now acquired a major stake in 10 Chambers. They give us the creative freedom to reach new heights in the co-op FPS genre, and they support our long-term commitment to GTFO and its community. Nothing changes with GTFO, and we’re still here, right now hard at work on the next major GTFO update, Rundown #004."

This is another acquisition for Tencent. Earlier this year, it was reported that the Chinese firm was closing in on an acquisition of Leyou Technologies Holdings and bought Norwegian games studio Funcom.

That's on top of stakes Tencent has bought in Bohemia Interactive and Marvelous, as well as taking control of the System Shock IP.


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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 PCGamesInsider.biz. 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 GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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