Tencent May Invest $470 Million To Become PUBG Dev's Second Largest Shareholder

Bluehole Studios is looking for investors and Tencent may compound upon its current 1.5% stake in the developer. 

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Tencent and Bluehole Studio previously teamed up to work on the mobile versions of PUBG, but that relationship could be evolving in the very near future. A Korean publication says that the company wants to purchase a 10% stake in Bluehole, which comes to about $468 million. This would add to Tencent's current 1.5% stake.

Such a move, as reported by Gamasutra via The Korea Herald, would make Tencent the second largest Bluehole shareholder with an 11.5% total. The top shareholder is the Bluehole founder and chairman Chang Byung-gyu, who holds 20.6%. The report says that Bluehole has confirmed it's looking for investors, but isn't naming names just yet. Bluehole was valued at over $4 billion at the end of 2017.

Tencent is a Chinese investment holding conglomerate that has a lot of hands in the pot across the gaming industry. Most of its investments involve the mobile gaming industry, but Tencent has gotten an early grip on the wildly popular battle royale game mode with investments in both PUBG and Fortnite. It also owns 40% of Fortnite dev Epic Games.

PUBG just underwent one of its most significant updates, adding a new vehicle, weapon, handful of accessories, and changing the weapon meta across the board. Fortnite also experienced a cataclysmic shift with the debut of its fourth season, adopting a superhero theme. Bluehole's other major title, the MMORPG Tera, released the Ruinous Manor Expansion and added on to the end-game for players.

Popular MOBA Arena of Valor is another one of Tencent's more potent investments and the company is getting into the VR industry via Skydance, the creators of Archangel. Stay tuned to Shacknews for more updates.

Charles Singletary Jr keeps the updates flowing as the News Editor, breaking stories while investigating the biggest topics in gaming and technology. He's pretty active on Twitter, so feel free to reach out to him @The_CSJR. Got a hot tip? Email him at Charles.Singletary@Shacknews.com.

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