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goddess of victory – RE3W.IO https://re3w.io Web 3 Gaming News Wed, 04 Jan 2023 17:28:19 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://re3w.io/wp-content/uploads/2022/06/cropped-6257123555f2839a6f5124cd_re3w-p-500-32x32.png goddess of victory – RE3W.IO https://re3w.io 32 32 Tencent Purchased 20% Stake In South Korean Game Studio Shift Up https://re3w.io/2023/01/04/tencent-purchased-20-stake-in-south-korean-game-studio-shift-up/ https://re3w.io/2023/01/04/tencent-purchased-20-stake-in-south-korean-game-studio-shift-up/#respond Wed, 04 Jan 2023 17:28:18 +0000 https://re3w.io/?p=2447 Tencent has purchased a 20% stake in the South Korean video game studio Shift Up. The conglomerate is now the second largest shareholder in the developer behind Goddess of Victory: Nikke. The acquisition marks another addition to the firm’s efforts to expand its market presence within the global games market.

A month after launching in November, the mobile game Goddess of Victory, published by Tencent subsidiary Level Infinite, generated $100 million in consumer spending. In August, both Sony and Tencent acquired a combined 30% stake in FromSoftware. 

Back in September, the tech firm increased its investment in Ubisoft. The approximately $300 million cash injection saw the tech firm take a 49.9% stake in Guillemot Brothers Limited, which owned 13% of Ubisoft’s shares before the deal. Later that month, Tencent took a minority stake in Mordhau studio Triternion. 

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