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Tencent Now a Majority Shareholder in Spanish Studio Tequila Works

Tencent Now a Majority Shareholder in Spanish Studio Tequila Works
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Tencent Now a Majority Shareholder in Spanish Studio Tequila Works

One more gaming studio joins up with the Chinese giants.

In yet another move to expand its reach in the gaming space, Tencent has invested heavily in Madrid-based studio Tequila Works, making the Chinese giant the majority shareholder. As announced by the studio, the additional funds will be used to elevate the games being developed to a new level.

Tequila Works, founded in 2009, has released other games such as RiME, Deadlight, GYLT, The Sexy Brutale, The Invisible Hours, and is actively developing Song of Nunu: A League of Legends Story.

“For 12 years, the teams at Tequila Works have passionately crafted high-quality titles that radiated our personal sensibilities,” said Tequila Works CEO Raúl Rubio. “But there’s a limit to how much you can grow by yourself.”

Luz Sancho, Tequila Works Chairwoman added: “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’ creativity and attention to detail have resulted in titles that have delighted audiences around the world. We look forward to working alongside the team and building on these foundations to deliver on its exciting ambitions for future games,” added Pete Smith, VP Partnerships for Tencent Games Global.

This follows after similar investments and acquisitions of studios like Turtle Rock and Playtonic. It would appear that Tencent is far from done with the gaming space, and it is likely we will see more of such moves in the future.

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