Tencent buys up a chunk of TERA’s Bluehole Studio
Tencent is sprinkling more money around: Yicai Global
are reporting that the Chinese conglom has invested money into South Korea’s Bluehole Studio
. It’s not currently clear how much money; according to Yicai, Bluehole refused a total buyout offer.
We’re presuming that Tencent’s interest is chiefly in Bluehole’s development and publishing of the increasingly popular and obnoxiously named Playerunknown’s Battlegrounds.
But to MMORPG players, Bluehole is probably best known as the Korean studio behind TERA, as well as Devilian (in the East), Project W, and a number of mobile games, including one based on TERA.
Most recently, Tencent was spotted pouring $23M into Elite Dangerous dev house Frontier Development to acquire 9% of the studio.