A majority stake in Yager was acquired by Tencent. Yager, who did an excellent job especially with Spec Ops The Line, which was released in 2012, last appeared with a game called The Cycle, but did not achieve the success he expected. For Spec Ops The Line, it’s a game that’s understood over time and is especially great at storytelling.
Tencent takes majority stake in Spec Ops: The Line developer Yager
Tencent,which has come up frequently with its investments in different companies before, also bought a majority stake in yagerstudio. The firm, which bought minority shares last year, took this investment, which it called a strategic collaboration, a step further and acquired a majority stake in the firm. However, the Statement said the Germany-based company Yager will continue to maintain its independence and, along with strategic consultancy, will gain greater access to the technology giant’s (Tencent) development and other resources. In addition, the current company structure and management of Yager will remain unchanged.
Timo Ullmann, Managing Director of Yager, said of the acquisition: “Tencent’s new investment shows us great confidence and confidence in the great potential behind the creative axis of ‘The Cycle’, our high-stakes PvPvE shooter. For us, a majority stake means we have the resources to expand the studio and the games under development. Tencent and I now have a strong partner operating globally to support our strategic plans for YAGER.”
Let’s also remember that The Cycle is currently in development and yager is in the top 10 of germany’s largest development studios with a staff of about 140 people.
