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Tencent acquires majority stake in Kuro Games

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Tencent has acquired roughly 37 p.c of the shares of Wuthering Waves developer Kuro Games from Hero Entertainment, and now holds a 51.4 p.c controlling stake within the firm. Tencent is now additionally the one exterior shareholder of Kuro Games.

In an inside memo, Kuro Games stated that whereas Tencent’s shares now surpass these held by Kuro Games itself, Tencent has assured the corporate that its technique of unbiased operations will stay unchanged, equally to how Tencent operates with subsidiaries Riot Games and Supercell.

Kuro Games stated that it imagine the change will create a extra secure exterior atmosphere for the corporate and assist its long-term technique of unbiased operations.

Thanks, Youxi Putao.

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