The deal between Chinese holding Tencent and Polish gaming studio Techland is estimated at $1.6 billion

Chinese Internet giant Tencent continues to buy up Western game studios. Back in the summer of 2023, Tencent became the main shareholder of Polish Techland, but the possible deal value of $1.6 billion has only now become known. This was reported by the Polish media outlet Bankier.pl.

Bankier.pl estimates Tencent’s deal with Techland at PLN 6.3 billion, which is approximately $1.6 billion. This is the largest M&A deal of 2023 on the Polish market. Of course, this is not yet the level of the Microsoft/Activision Blizzard deal, but Electronic Arts paid more than that for Codemasters ($1.2) and Embracer Group for Gearbox Software ($1.3).

Techland was founded in 1991 and is known for such game series as Chrome, Call of Juarez, Dead Island, and Dying Light. The studio’s latest game, Dying Light 2, was released in February 2022 and sold more than 5 million copies in the first month.

As for China’s Tencent, it either fully owns or has large stakes in dozens of Western game studios, including such well-known ones as Funcom, Riot Games, Supercell (84%), Grinding Gear Games (80%), Don’t Nod (40%), Epic Games (40%), FromSoftware (16.25%), Ubisoft (9.99%), Paradox Interactive (5%), Remedy Entertainment (3.8%), and many others.