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Tencent acquires majority stake in Tequila Works as it expands its video game empire

Tencent's latest video game acquisition is Rime developer Tequila Works.

Donovan Erskine

March 15, 2022 12:30 PM

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Tencent continues to expand its video game business, with both minority and majority ownership in several of the industry’s biggest players. However, the company is far from finished scooping up more names to add to its arsenal. In its latest acquisition, Tencent is buying Tequila Works, the developer behind Rime.

Tequila Works announced the Tencent acquisition in a post to the company’s website. The studio says that the purchase will help Tequila Works to continue to grow and work on original IP. As a majority investor, Tencent will have a controlling stake in Tequila Works. Tequila Works Chairwoman Luz Sancho provided a statement on the acquisition.

Tequila Works is currently working on Song of Nunu: A League of Legends Story for Riot Games, which is also owned by Tencent, so it’s unlikely that the project will be impacted by the deal. Tequila Works was founded back in 2009 and developed titles such as Deadlight, GYLT, The Sexy Brutale, and The Invisible Hours.

“Tequila Works’ creativity and attention to detail have resulted in titles that have delighted audiences around the world. We look forward to working alongside the team and building on these foundations to deliver on its exciting ambitions for future games,” said Pete Smith, VP of Partnerships for Tencent Games Global.

Tequila Works is just the latest gaming entity to be folded into the Tencent empire. Most recently, Tencent acquired Graven developer 1C Entertainment and Back 4 Blood’s Turtle Rock Studio. To keep up with the latest business moves of Tencent, Shacknews is your place.

Donovan Erskine

News Editor

Donovan is a young journalist from Maryland, who likes to game. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_