Quick hits: November 2022

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According to a new Reuters report, Tencent is focusing more on buying companies, after years of investing in minority stakes, in an effort to offset the slowdown in domestic growth in China.

Tencent, which is the largest video game company in the world by revenue, has already invested in more than 800 companies. These include a 40% stake in Epic Games and holds stakes in Activision Blizzard, Ubisoft, Krafton, parent company of PUBG Studios, PlatinumGames, FromSoftware and Marvelous Inc. However, Tencent has made fewer full acquisitions. Currently owns 100% of developers such as Funcom, Riot Games, Sumo, Turtle Rock, Digital Extremes and Splash Damage.

According to Reuters sources, the tech giant is now aggressively seeking to acquire majority or E3, the world’s leading interactive entertainment event, after the pandemic stoppages and the sudden disappearance from the radar this year, is not yet dead. Indeed, it will make its long-awaited return to the Los Angeles Convention Center in the second week of June 2023.

Although most software houses prefer to communicate with their audience via social media and via streaming events pitted throughout the year, the Entertainment Software Association (ESA) will collaborate with ReedPop, the veteran event production company that created PAX, New York Comic Con, Square Enix, the famous manufacturer of some of the most successful video games ever, focuses on cryptography. The company has invested in Oasys, a crypto project that should guarantee an ‘ecological and proof of stake’ blockchain.