World’s largest games publisher Tencent made its latest investment into French minigame developer Voodoo Games on August 17. While the exact amount invested has not been disclosed, it is now known that Tencent has been labelled as a minority investor in Voodoo games.
Voodoo is proficient in making casual games and has a valuation of $1.4 billion. The company was founded in 2013 by its current CEO Alexandre Yazdi along with Laurent Ritter. Even after this investment, Yazdi will remain the largest shareholder and together with the management will retain the control of the group.
The last significant funding received by Voodoo games was the courtesy of Goldman Sachs. The investment banking giant added a $200 million capital to the hyper-casual gaming company. Voodoo’s business plan includes the manufacturing of such games which stay out of the glitz of design. The company claims 3.7 billion downloads across its family of games like Helix Jump.
“We are thrilled to welcome Tencent, a company we admire for its leading game and consumer mobile apps. We look forward to developing new products together for the Asian market, and publishing games created by the many talented games studios in the region,” Yazdi said in a statement.
Tencent continues strong investment structure
According to recent reports published by PCGamer, Tencent is an investor in numerous other gaming companies.
|INVESTED IN||PERCENTAGE||GAMES LAUNCHED|
|Riot Games||100%||League of Legends|
|Blue Hole Company||11.5%||PUBG : Battle Royale|
|Activision Blizzard||5%||Call of Duty|
|Grinding Gear Games||80%||Road of Exile|
|Supercell||84.3%||Clash of Clans|