Chinese conglomerate Tencent (TCEHY) was the undisclosed main financial backer of game developer Wildlight Entertainment, which released its debut free-to-play multiplayer title “Highguard” late last month, Game File’s Stephen Totilo reports. Neither company had previously disclosed the relationship, the author says, noting that Wildlight’s funding has been a mystery surrounding the studio and its debut game, whose tumultuous launch window has already led to layoffs at the studio.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TCEHY:
- Prenetics completes $70M Insighta Sale to Tencent
- Alibaba (BABA) Upgrades Qwen AI Model Ahead of Lunar New Year
- ‘I’ve Changed My Assumptions’ – AI Is Coming for Office Work Faster Than Expected
- ‘Built for the Agent-Era’ China’s AI Giants Roll Out New Models, Putting Pressure on NVDA and GOOGL
- TikTok Owner ByteDance in $7B Talks to Sell Mobile Legends Gaming Unit to Saudi Arabia