They tried to acquire it outright, but were turned down
[Update: In a statementissued to GamesIndustry.biz, Bluehole said “These reports are not accurate. Tencent didn’t make an investment into Bluehole.”]
Tencent, the ever growing Chinese internet holdings company has backedBluehole Studio Inc., the South Korean company that developed a little game calledPlayerUnknown’s Battlegrounds, maybe you’re familiar with it.
It’s unclear exactly how much the investment was, but they initially planned to acquire Bluehole, but that offer was turned down.
It’s not surprising that Tencent would be after a company like Bluehole.PUBGhas sold more than four million copies, and 19 percent of its player base is in China, the only larger portion is the United States which makes up 24 percent.
Tencent has been grabbing stake in foreign game companies recently. Back in July, it acquired a nine percent stake in Frontier Developments, the developer ofElite DangerousandPlanet Coaster.
