Chinese tech and entertainment giant Tencent now owns 3.8 per cent of Finnish games studio Remedy.
That's going by a release to investors earlier this month – May 18th – in which the developer said that Tencent had bought 500,000 shares from Accendo Capital. That investment firm now owns 14 per cent of the Control maker.
"This is a capital markets transaction between Accendo Capital and Tencent, and is not connected with the commercial activities at Remedy," Remedy CEO Tero Virtala (pictured) said.
"We are naturally aware that Tencent has extensive expertise in the industry, so we are honored by their interest in Remedy and happy to welcome Tencent as a new shareholder."
Tencent CVP Bo Wang added: "Tencent has followed Remedy Entertainment's progress for a period of time and is impressed by what the talented Remedy team have accomplished. Tencent welcomes this opportunity to become a long-term shareholder of Remedy and we look forward to using our industry knowledge to support Remedy in the future.”
The firm's most recent title – 2019's Control – has now sold more than two million copies.