Tencent acquires 3.8% stake in Treatment
Tencent Holdings has acquired 3.8% of shares in Treatment Leisure.
The five hundred,000 shares have been offered to Tencent by Accendo Capital, which nonetheless holds 14% of excellent shares and votes after the transaction – roughly 1.8 million shares.
Treatment was knowledgeable of the sale after it had taken place, however the Management developer said that it’s merely a capital markets transaction and isn’t linked to any business exercise happening inside the studio.
“We’re naturally conscious that Tencent has intensive experience within the trade, so we’re honoured by their curiosity in Treatment and pleased to welcome Tencent as a brand new shareholder,” Treatment CEO Tero Virtala stated.
Treatment loved its finest monetary 12 months ever in 2020 – with full-year revenues up 30% to €41.1 million.
The Finnish studio didn’t launch any new video games final 12 months, however as a substitute centered on increasing the critically acclaimed Management with extra platform launches and downloadable content material.
Management offered over two million copies worldwide in 2020.