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Tencent acquires Japanese game studio Wake Up Interactive – Bloomberg

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Tencent acquires Japanese game studio Wake Up Interactive – Bloomberg

Tencent Holdings Ltd. has acquired Japanese game studio Wake Up Interactive Ltd. for over 5 billion Japanese yen, Bloomberg News reported Nov. 11, citing sources familiar with the transaction.

The Chinese entertainment company bought a 90% stake in Wake Up Interactive, according to the report. Wake Up Interactive owns Soleil Ltd., which developed Nintendo Switch multiplayer action video game Ninjala.

Tencent and Wake Up Interactive did not immediately comment on the reported deal, according to Bloomberg News.

In July, Tencent agreed to acquire U.K.-headquartered Sumo Group PLC for £919 million, Dow Jones Newswires had reported. Sumo provides services to the video games industry.

As of Nov. 10, US$1 was equivalent to 113.87 Japanese yen.