Tencent raises its stake in Remedy to 14%
The increase comes three years after the firm first acquired 3.8% of the studio back in 2021
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Tencent has increased its shareholding investment in Remedy Entertainment to 14%.
The conglomerate previously held 5% of shares and voting rights of the Finnish game studio.
Tencent initially acquired a 3.8% stake in the Alan Wake 2 studio back in May 2021.
Later that year, Remedy entered a global agreement with the firm as its publishing partner to develop Vanguard.
Last month, Remedy reported its financial results for 2023, which showed a 22.2% decrease in revenue to €33.9 million.
Among its projects currently in development are the remakes for Max Payne 1 and 2.