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Tencent Acquires 15.75% Stake in Helldivers 2 Developer Arrowhead Game Studios

The investment targets expansion into China without changing the studio’s day-to-day operations.

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Overview

  • Tencent purchased a 15.75% equity stake in Arrowhead Game Studios for about $80 million, valuing the studio at roughly $532 million.
  • Arrowhead’s co-founders retain majority ownership and confirmed that creative control and daily operations will remain unchanged.
  • The partnership is intended to provide Arrowhead with access to China’s gaming market, which co-founders described as crucial for future growth.
  • Arrowhead reported turnover just under $100 million and an operating profit of nearly $76 million, underscoring its financial strength.
  • Helldivers 2, which sold 12 million copies in its first 12 weeks, will continue to receive new content including a forthcoming in-game victory cape.