Tencent Acquires Turtle Rock Studios to Expand Game Development.
MANews-(C)2009-2021
China-based Tencent Holdings Ltd. (SEHK: 00700) has acquired California-based Turtle Rock Studios' and its parent company, Slamfire, Inc., to expand new games development, the company said.
Terms of the transaction were not disclosed.
Turtle Rock will become part of Tencent, while retaining its independent operations, and its existing team will continue to run all studio operations.
Juno Capital Partners represented Turtle Rock as M and A and strategic advisor, Creative Artists Agency represented Turtle Rock as its talent agency and Straddling, Yocca, Carlson and Rauth and Kabealo Law...
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