Tencent acquires majority stake in Path of Exile dev Grinding Gear

Event Details

Tencent acquires majority stake in Path of Exile dev Grinding Gear

Time: June 20, 2018 at 6pm to February 6, 2019 at 7pm
Location: zw1100
Event Type: buy, poe, items
Organized By: baby
Latest Activity: Jun 19, 2018

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Event Description

Chinese tech outfit Tencent has acquired many stake in Path of Exile developer Grinding Gear Games on an undisclosed fee.

The move was announced in a Q&A on the Path of Exile forums, where Grinding Gear reassured fans it can remain a private company following a deal.

In short, this means the New Zealand-based studio continues to make each of the key decisions with regards to developing and operating the POE Items free-to-pay online RPG.

"We spoke to CEOs of other individuals that Tencent has committed to, and have absolutely been assured that Tencent has not tried to affect game design or operations beyond China. We retain full control over Path of Exile and can only make changes that people feel are perfect for the game," reads the forum post.

"We happen to be approached by many potential acquirers over the past five years, but always felt how they didn't understand Path of Exile, or how they had other agendas. Tencent's agenda is apparent: to supply us the resources to produce Path of Exile as well as it can be."

The move means Tencent could add Path of Exile to some game roster that has popular titles like League of Legends and Clash of Clans.

As hinted inside the Q&A, what's more, it means the organization will be able to help shape the Chinese version of Path of Exile by requesting trial features, although Grinding Gear again noticed that it'll only reveal those latest features worldwide when they prove to "be an excellent fit."

You can find out much more about the deal by sorting out the Buy POE Items complete Q&A the following.

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