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News - Report: Tencent could sink $470M into Battlegrounds dev Bluehole

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Report: Tencent could sink $470M into Battlegrounds dev Bluehole

<div style="margin: 5px 5% 10px 5%;"><img src="http://www.sickgaming.net/blog/wp-content/uploads/2018/04/report-tencent-could-sink-470m-into-battlegrounds-dev-bluehole.jpg" width="200" height="200" title="" alt="" /></div><div><p>Chinese tech outfit Tencent might be looking to sink more cash into <em>PlayerUnknown’s Battlegrounds</em> developer Bluehole. </p>
<p><a href="http://www.koreaherald.com/view.php?ud=20180430000772">As reported by The Korea Herald</a>, the company wants to purchase a 10 percent stake in Bluehole for around 500 billion won ($468 million). </p>
<p>Tencent already owns around 1.5 percent of the studio, meaning its overall stake would rise to 11.5 percent.</p>
<p>Any such deal would make Tencent the second-largest Bluehole shareholder, behind company founder and chairman Chang Byung-gyu — who currently holds a 20.6 percent stake.</p>
<p>Bluehole has confirmed it’s looking for investors, although stopped short of naming names. That said, the pair are on good terms, having already joined forces to <a href="http://www.gamasutra.com/view/news/310471/Tencent_working_to_bring_Battlegrounds_to_mobile_in_China.php">bring <em>Battlegrounds</em> to China on smartphones and PC</a>. </p>
<p>Speaking of the popular battle royale shooter, <em>Battlegrounds</em> has gone from strength-to-strength since the pair linked up in November last year, <a href="http://www.gamasutra.com/view/news/312386/Battlegrounds_surpasses_3M_concurrent_players_on_Steam.php">surpassing 3 million concurrent players on Steam</a>, <a href="http://www.gamasutra.com/view/news/312200/Now_out_of_Early_Access_Battlegrounds_crosses_30M_players.php">crossing 30 million players worldwide</a>, and <a href="http://www.gamasutra.com/search/index.php?search_text=battlegrounds&amp;num_results=190&amp;page=2">attracting over 3 million players on Xbox One</a>.</p>
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