BERLIN – June 22, 2021 – Berlin games studio YAGER and Tencent Holdings Ltd. said today they’re deepening their strategic cooperation through a new agreement involving additional investment.
The deal will see Tencent take a majority stake in YAGER, with the German game producer maintaining its independence. It will, at the same time, gain greater access to the tech giant’s development and other resources, along with strategic consultation. The existing company structure and management will remain with no changes.
“Tencent’s new investment shows a great deal of trust in us and confidence in the huge potential behind the creative pivot of ‘The Cycle’, our high-stakes PvPvE shooter. For us, the majority stake means we have the resources to expand the studio and the games in development,“ says YAGER’s Managing Director Timo Ullmann. “With Tencent we now have a powerful, globally operating partner to support our strategic plans for YAGER.”
The two companies first joined hands last year, when Tencent acquired a minority stake in YAGER. The German studio, founded in 1999, has developed several hit games, including a futuristic combat flight-simulation – aptly called “Yager” – and “Spec Ops: The Line,” a third-person shooter that stood out not just for engaging gameplay, but also for the moral decisions players had to make. The studio currently has the competitive quest shooter “The Cycle” in Early Access. The new version with extensive gameplay changes has just recently started into an alpha test, and more information will follow. YAGER is among the top 10 of Germany’s largest development studios, with a staff of around 140.
About YAGER
YAGER was founded in 1999 by five enthusiastic developers and artists, and focuses on creating immersive and thrilling games. Making beautifully crafted games that amaze players with the richness of their worlds, where there are multiple ways to succeed and progress their characters, and where all of this continues to evolve after launch, where novelty and drama are just around the corner, making our games immense fun to play, talk about and watch. Today, 22 years after our founding, a highly skilled international team of game enthusiasts is working to build YAGER’s vision of immersive and engaging games.
See more about us at: https://www.yager.de
Media Contact
Rob Fleischer Sandbox Strategies for YAGER rob@sandboxstrat.com www.sandboxstrat.com