Tencent acquires Swedish game studio Sharkmob

Holdings said it has acquired game developer for an undisclosed price. The team includes veterans from such as The Division and Hitman.

Sharkmob was founded two years ago in Malmö, Sweden. The studio continues working with its unannounced online game as well as several new projects together with Tencent.

“We view the future of online gaming the same way and Tencent being a leading internet and games gives Sharkmob the reach and resources to be a part of that future. Support from Tencent’s incredible group of game teams will allow us to fully pursue our passion of bringing great gaming experiences to as many players as possible.”, said Fredrik Rundqvist, CEO of Sharkmob, in a statement.

Tencent is China’s biggest social media company, and it has holdings in a number of famous game developers, from Supercell to Games. And the Sharkmob deal shows that the Shenzhen, China-based company still has an appetite for Western game companies.

“Sharkmob’s creative and passionate team has a proven track record of developing triple-A titles which involves open world settings and various gameplays. We look forward to more exciting innovation for game-lovers by combining Sharkmob’s development capabilities with Tencent’s technologies and expertise,” said Steven Ma, senior vice president of Tencent, in a statement.

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