Tencent Acquires Majority Stake in Path of Exile Developers Grinding Gear Games

Tencent Acquires Majority Stake in Path of Exile Developers Grinding Gear Games

China-based Video Game Juggernaut Tencent is continuing their reach by investing in Path of Exile developers, Grinding Gear Games, cementing their place as the biggest games company in the world.

Tencent owns stakes in some of the world’s most popular titles, including both PlayerUnknown’s Battlegrounds and Fortnite, games that at one point competed with each other within the Battle Royale genre. Fortunately for Tencent, the company owns shares in both highly successful titles and as Fornite is quickly becoming the most played game in the world, especially with the release of the mobile versions that feature cross-play and saving capabilities, Tencent is in it win it and Path of Exile is just another big property, joining the ever-expanding company’s roster of impressive titles.

The proof of the company’s success lies in the numbers, with Tencent making an astronomical $3.65 billion in profit in their first quarter of 2018, which already sounds impressive, but comparing it to the likes of Activision Blizzard, another massively successful games company, who in contrast only made $500 million within the first quarter, shows just how impressive Tencent really is. Other big names under Tencent include Clash of Clans, League of Legends developer Riot Games and even a China exclusive Call of Duty online title.

Tencent also recently tried to get into Ubisoft’s shares, right after the company successfully ended the Vivdendi hostile takeover fiasco. It will be interesting to see just where Tencent reaches in the future with the current pace and success the company has seen thus far.

Liked this article and want to read more like it? Check out Zubi Khan’s guide on How to get the Worldline Zero Exotic Sword in Destiny 2

Want to see more videos? Subscribe to our YouTube channel and check out the First 15: Fe, Monster Hunter World Beta: the Insatiable Nergigante, Dissidia Final Fantasy NT,  Star Wars Battlefront II, Sonic Forces + Episode Shadow, and  Super Mario Odyssey!

Don’t forget to tune in every Friday the Pixels & Ink Podcast to hear the latest news, previews, and in-depth game discussions!

Never miss when new CGM articles go out by following us on Twitter and Facebook!

CGMagazine is Canada’s premiere comics and gaming magazine. Subscribe today to get the best of CGM delivered right to your door! Never miss when a new issue goes live by subscribing to our newsletter! Signing up gives you exclusive entry into our contest pool. Sign up once, you’ll have a chance to win! Sign up today!

Zubi Khan
Zubi Khan

This post may contain affiliate links. If you use these links to buy something, CGMagazine may earn a commission. However, please know this does not impact our reviews or opinions in any way. See our ethics statement.

<div data-conversation-spotlight></div>