Tencent moves forward in buying Leyou Technologies for over a billion bucks

    
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Throughout the 2020, we’ve been covering the many companies competing to buy up Leyou Technology, the holding company that both owns the majority of Warframe’s Digital Extremes and is working on multiple MMOs itself, including a new Lord of the Rings MMO, Transformers Online, and Civilization Online. Among those companies was Tencent, through one of its subsidiaries, which had entered an exclusivity agreement back in July. Apparently, that deal is going through, as PCGamesInsider reports that the Leyou shareholders have approved the move with more than 97% support for it. It’ll mean close to $1.3B changing hands, a smidge less than the $1.4B rumored earlier this year.

Back in July, analysts suggested that Warframe’s purportedly weak showing in 2019 might be why Leyou was hunting for a buyer, but in August InvestGame says that Leyou’s 2020 revenue was down owing to the “COVID-19 impact and shutdown of the company’s overseas studios,” while Warframe itself “saw a 15.5% growth of registered players.”

Source: PCGamesInsider via GIbiz
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Rndomuser

Ahh, the inevitability of the world of megacorporations, just like Cyberpunk genre has described ;-)

Seriously, though, as long as the game I will be playing will be fun – I don’t care who will own the company which creates those games, especially which country those corporations will be from. And extra money those corporations will provide the developers is always a good thing. Unless, of course, the developers are being managed by very clueless people, like in case of Amazon Game Studios.

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SmiteDoctor

Pretty sure Demolition Man (Stalone/Snipes) discussed this first, remember the Fast Food wars where Tacobell Won and now every restaurant is Tacobell?

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Rndomuser

Oh, this has been described long before it. And yea, Demolition Man also showed the world of megacorporations.

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SmiteDoctor

I thought the new Lord of the Rings MMO was being made by Amazon.

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Louie

In partnership with Leyou.

rafael12104
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rafael12104

Shit like this… just scares me. It reminds me of other huge conglomerate institutions who were deemed “to big to fail” but did.

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BalsBigBrother

It’s been reported elsewhere that as part of acquisitions disclosure documents that the Lord of the Rings mmo is “expected to be launched from Q4 2021 to Q1 2023. “. With most citing 2022 as most likely.

So actual launch 2028 knowing how these things go hehe

Source: https://www.pcgamer.com/uk/amazons-lord-of-the-rings-mmo-likely-coming-in-2022/

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PanagiotisLial1

With MMOs I take the worst case scenario they say and add a year to it at least but then there are games like CU, SC and others that are quite delayed