Tencent becomes majority shareholder of Tequila Works, creators of Rime

Tequila WorksMadrid studio responsible for works such as rhyme, gilt or The Sexy Brutalehas announced through its official blog that the Chinese giant Tencent has become its majority shareholder. “For 12 years, the teams at Tequila Works have passionately created high-quality titles that radiate our personal sensibility, but there is a limit to how much you can grow on your own,” explains Ral Rubio, CEO of the studio, in the official statement. The figure to which the agreement has risen has not been made public.

In addition to the aforementioned projects, Tequila Works is also known for dead lightone of their first commercial successes released in 2012. They are currently working on Song of Nunu: A League of Legends Story, an exploration and action adventure developed in collaboration with Riot Games. Coming to PS5, Xbox Series X/S, PS4, Xbox One, Nintendo Switch, and PC in 2022.

“They are a partner who can appreciate the value of the best creative talent with originality at its core. One who respect our independence and creative freedom. This partnership will allow us to focus on taking the original IPs we are known for further and creating the best experiences we can dream of,” continues the CEO of Tequila Works in statements accompanying the announcement of the acquisition.

Light Sanchosole administrator of Tequila Works, has also wanted to celebrate this agreement: “We are delighted to ally ourselves with a partner that allows us to make Tequila Works a stronger studiowith access to all the necessary resources to produce higher quality titles, all done with the same love and passion for what our beloved community knows us, while we will be able to bring these projects to a growing audience” .

“We look forward to working hand-in-hand with the team (…) to fulfill the exciting ambitions of their upcoming games”

From Tencent they have also wanted to share their emotion after becoming majority shareholders of Tequila Works, specifically it has been Peter Smithvice president of alliances at the company, who has celebrated the agreement, also mentioning that there are various projects underway: “Tequila Works’ creativity and attention to detail has resulted in titles that audiences around the world have fallen in love with. We look forward to working hand-in-hand with the team and continuing to build on this foundation to meet the exciting ambitions of their next games“.

Tencent, a giant that does not stop eating studies

This movement further consolidates the bet of Tencent by the video game sector, an industry in which it does not stop investing: at the end of last month it announced the acquisition of 1C Entertainment and Inflection Games, at the end of last year it took over Turtle Rock Studios, responsible for Back 4 Bloodand a few months earlier he became the majority shareholder of Bloober Team, creators of The Medium. On Vandal We have told you about how this Chinese technology company has become the second largest video game company in the world, but its constant desire for growth makes it increasingly difficult for us to collect all the studios, companies and franchises it owns.