Tech

Tencent buys developer ‘Rime’ Tequila Works


Tencent has added another studio to the stable system of game developers. On Tuesday, the company announced it recently buy back the majority of shares at Tequila Works, the Madrid-based studio best known for its work on . The financial terms of the deal were not disclosed, but Tequila Works said the investment will help take its games “to the next level”. The studio is currently working with Riot Games on . Incidentally, Riot Games also .

“We are delighted to be partnering with a partner that will allow us to make Tequila Works a bigger studio with access to all the resources needed to produce the highest quality titles. , all made possible with the care and passion our beloved fans know about us and the opportunity to bring these projects to a wider audience,” said Ms. Luz Sancho, owner Tequila Works president said.

While Microsoft has dominated the headlines with acquisitions and Tencent has quietly built an empire of its own. By 2021, it has invested in more than 100 gaming-related companies, including Back to 4 health developer and Sumo Group in a deal that saw Tencent acquire LittleBigPlanet 3 studio for .

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