As part of this investment, Tencent has an option to propose the appointment of a representative on the Dontnod Entertainment Board of Directors. The funds raised will mainly be used to finance the ramp-up of Dontnod Entertainment’s strategy to develop new self-published intellectual properties worldwide on PC, consoles, and mobile platforms.
Dontnod Entertainment also announced the signing of a business cooperation agreement with Tencent.
“We are delighted to welcome Tencent as a Dontdnod investor,” said Dontnod Entertainment chairman and CEO Oskar Guilbert in a press release. “This is a real expression of trust from a key online game leader, which is behind a number of success stories and has invested in several leading companies in the video game industry. Through this partnership, Dontnod is perfectly positioned to take advantage of the various growth drivers in the video game industry, in particular in China and on mobile platforms, in cooperation with an industry leader. The capital increase announced today will enable us to step up and boost the roll-out of our development plan, which aims to capture more value from our original creations by self-publishing more games.”
Read more about the cooperation here.