Tencent just acquired Swedish game developer Sharkmob

Chinese tech giant Tencent has just acquired Swedish game developer Sharkmob for an undisclosed sum.

Sharkmob was founded two years ago in Malmö, Sweden, by a group of industry veterans from Ubisoft and IO Interactive.

“Sharkmob’s creative and passionate team has a proven track record of developing triple-A titles which involves open world setting and various gameplays" said Steven Ma, Senior Vice President of Tencent.

"We look forward to more exciting innovation for game-lovers by combining Sharkmob’s development capabilities with Tencent’s technologies and expertise."

SEE ALSO:

• Tencent-backed game-streaming firm DouYu files for $500mn US IPO
• Google announces data centre-driven video game streaming service, Stadia
• Microsoft: UK has the potential to lead in “game changing” AI
• Read the latest issue of Gigabit 

Sharkmov is currently working an unannounced game as well as several new projects with Tencent.

“We view the future of online gaming the same way and Tencent being a leading internet and games platform gives Sharkmob the reach and resources to be a part of that future. Support from Tencent’s incredible group of game teams will allow us to fully pursue our passion of bringing great gaming experiences to as many players as possible.”, said Fredrik Rundqvist, CEO of Sharkmob.