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Tencent has acquired 1C Entertainment from their now-former Russian parent company 1C Group, both companies announced this week.

While news of the new acquisition comes this week, the deal was actually made in November of 2021 where Tencent agreed to acquire all shares of 1C Entertainment from the now-former owner 1C Group, giving them majority stake in the company and its subsidiaries.

As a result of the new acquisition, 1C Entertainment and all subsidiaries that share the “1C” branding will be renamed within 6 months of the deal being finalized – however details on the new branding will come later.

Subsidiaries in the acquisition include game developer / porting studio QLOC, central and eastern Europe distributor Cenega, and another digital distributor Muve that also specializes in physical distribution (board games, merchandise).

News that Tencent has acquired 1C Entertainment comes not long after the Chinese giant also acquired Inflexion Games, as well as Back 4 Blood studio Turtle Rock Studios and Devil’s Third parent company Wake Up Interactive later in 2021.

Press Release: https://1ce.games/en/news/tencent-acquires-polands-1c-entertainment

Source (Archived): https://archive.st/archive/2022/2/nichegamer.com/vdow/nichegamer.com/tencent-has-acquired-1c-entertainment/index.html