Tequila Works has announced that Chinese conglomerate Tencent is now the studio’s majority owner following investment by the latter company.
The Madrid-based developer announced the deal in a press release yesterday. It said that the deal would “provide it with the means to take its games to the next level”. Tequila Works has been responsible for a slew of games, including RiME, The Sexy Brutale and Deadlight.
Luz Sancho is the development studio’s chairwoman, and offered the following statement on the deal. “We are delighted to ally with a partner that allows us to make Tequila Works a stronger studio with access to all the resources required to produce titles of the highest quality, all made with the care and passion our beloved fans know us for as well as the opportunity of bringing these projects to a wider audience.”
Tequila Works CEO Raul Rubio also added his own praise for Tencent. “They’re a partner that can appreciate the value of top creative talent with originality as their banner. One that respects our independence and creative freedom. This partnership will allow us to focus on taking the original IPs we are known for to greater heights and create the best experiences we can dream of.”
The next game in the pipeline at Tequila Works is Song of Nunu: A League of Legends Story due later this year. Incidentally, League of Legends developer Riot Games is also owned by Tencent. In fact, Tencent have been quite busy with acquisitions of late. In recent months, they’ve picked up Inflexion Games and Back 4 Blood developer Turtle Rock Studios.
NOW READ:TODAY'S COIN MASTER FREE SPINS HAVE ARRIVED - FIND OUT WHAT THEY ARE HERE!
Tequila Works welcomes Tencent as a majority investor.https://t.co/AZSv8o3T24
— Tequila Works | Song of Nunu ❄️ (@TequilaWorks) March 15, 2022