Tencent becomes majority shareholder of Path of Exile creators

Tencent has become the majority shareholder of New Zealand developer Grinding Gear Games.

This company is responsible for Path of Exile, a Diablo-style F2P action RPG. The game has been available since 2013 on PC and since August last year on Xbox One.

Grinding Gear Games assures that they maintain creative freedom over the game, and that the only change that Tencent will introduce is a greater speed when it comes to transferring the news from the western version to the Chinese version. They assure that they have consulted with other companies in which Tencent has a stake and they have all confirmed that the company does not interfere in the development of the titles.

From now on, the New Zealand company will have to report its financial results to the Chinese corporation, but none of its workers will be employed by Tencent and there have been no layoffs either.

Tencent owns Riot Games, has a majority stake in companies such as Supercell and has invested in companies such as Epic, Activision Blizzard or Ubisoft. Last year 40% of the capital invested in video game companies was the responsibility of this company.