Tencent had previously purchased a minority stake in the German Studio in February of 2020.
Studio Yager was founded in 1999 by Philipp Schellbach, Timo Ullmann, Roman Golka, Uwe Bennecke, and Mathias Wiese. The Berlin-based studio is popularly known for the development of its 2012 third-person shooter game Spec Ops: The Line.
Since then, the studio has rolled out games such as Dreadnaught in 2017, which is a flight combat simulation game. Moreover, in 2019, the studio launched The Cycle for PC in Epic Games Store.
Tencent Holdings already holds stakes in multiple renowned game development studios. The list includes Riot Games, Ubisoft, Epic Games, Activision Blizzard, Paradox, Supercell, and so forth. Yager Co-Founder and Managing Director – Timo Ullmann has commented on the acquisition, stating:
“This decision was not made spontaneously, it has grown over time. We decided to start with a minority stake first to see how it goes. When it became clear that it made sense for both sides, we prepared the next step. And then of course the whole process takes time because there are a lot of formalities.“
Founders still part of the Board
However, this acquisition will not bring any changes to the company’s creative direction. That’s because the founders of the company will still hold their seats on the Board. Moreover, the company currently holds a team of 140 talented employees under its belt. Timo Ullmann has assured that the acquisition will not affect the jobs of the company’s people. He further stated:
“It is very important to us to be transparent to our employees – not just what is happening, but also why. From the employee’s point of view, this investment naturally strengthens long-term job security. The largest game company in the world is now not only committed to a game or project, but to Yager as a whole. Tencent has looked at both our history and our plans for the future. So this is an extremely positive signal for every single employee.“
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