12.5 C
New York
Sunday, August 2, 2020
Home News Tencent is in exclusive talks to acquire Warframe parent company Leyou

Tencent is in exclusive talks to acquire Warframe parent company Leyou


Another big purchase for Tencent is looming.

What you need to know

  • A recent report indicated that Sony was preparing a bid for Leyou.
  • Leyou is a Hong Kong-based holding company that owns studios like Digital Extremes, the developers of Warframe.
  • Today, Leyou announced that it has entered exclusive discussions to be acquired by Tencent.

Today, holding company Leyou announced that it has entered into exclusive talks with megaconglomerate Tencent to be acquired. The announcement was made shortly after stock ceased trading. As part of this discussion, Leyou will not be entertaining any other bidders at the current time and is talking solely with Tencent Mobility Limited, a subsidiary of Tencent.

A short while ago, we shared the news that Sony was potentially preparing a bid to purchase Hong Kong-based Leyou. Leyou owns multiple game development studios including Digital Extremes, the developers of Warframe, as well as Splash Damage, who most recently developed Gears Tactics. Leyou also owns publisher Athlon Games, as well as studios Kingmaker and Radiance Games. Leyou also holds a 20% stake in Certain Affinity.

At this time, it appears that Sony has been outbid, though it’s worth pointing out that these are exclusive discussions and an agreement for Leyou being acquired by Tencent may not be reached.

In 2019, Sony acquired Insomniac Games for $229 million, a purchase that was mainly made in cash. Sony also just invested $250 million into Epic Games, acquiring a very small minority stake. If Sony had won the bid for Leyou, it could’ve integrated the new teams into Sony Worldwide Studios. Meanwhile, Tencent has invested in countless studios and publishers, acquiring majority and minority stakes in companies like PlatinumGames.

Our pick

PlayStation Store Gift Card


  • From $10 at Amazon
  • From $10 at Best Buy

Easy to stock up

PlayStation gift cards are an easy way to grab currency for games, add-ons, themes, and more on the PlayStation Store. They also come in a wide variety of denominations, which is perfect to start saving up for PlayStation 5 games.

PlayStation 5


  • PlayStation 5: Everything we know so far
  • PS5 vs. Xbox Series X: How they compare
  • PS5 Specs: What’s in the next-gen PlayStation
  • Will PS4 games work on the PlayStation 5?


iPhones may soon function as payment terminals with new Apple acquisition

Startup Mobeewave was reportedly purchased for about $100 million

Prime Day Apple Watch Price Predictions 2020: Series 3 and Series 5

These predictions are not based on insider pricing knowledge, nor are they set in stone

How to add your email account to an iPhone

Apple makes this process painless, whether you want to connect an email account automatically or manually.

Google allegedly retaliated against developer over antitrust investigation

Google said BlueMail was kicked out for copying another app.What you need to knowGoogle allegedly suspended an app from the