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Tencent Acquires Majority Stake in Kuro Games, Boosting Wuthering Waves' Future
Tencent's growing influence in the gaming industry continues with its acquisition of a 51% controlling stake in Kuro Games, the developer behind the popular action RPG, Wuthering Waves. This follows earlier rumors in March, with Tencent purchasing a 37% share from Hero Entertainment, becoming the sole external shareholder.
Kuro Games has assured its employees, via internal memo, that operational independence will be maintained, mirroring Tencent's approach with studios like Riot Games and Supercell. This strategic investment complements Tencent's existing portfolio, which includes significant stakes in companies such as Ubisoft, Activision Blizzard, and FromSoftware.
Wuthering Waves, currently enjoying success with its version 1.4 update (introducing Somnoire: Illusive Realms, new characters, weapons, and upgrades), is poised for an even bigger leap with the upcoming version 2.0 update. This update will introduce the new nation of Rinascita, along with characters Carlotta and Roccia, and finally bring the game to PlayStation 5, ensuring its presence across all major platforms.
Tencent's investment provides Kuro Games with enhanced long-term stability, promising a bright future for Wuthering Waves and future projects. The influx of resources should significantly benefit the game's development and expansion.
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