Tencent acquires Swedish indie games developer SHARKMOB
Founded just 2 years ago with no games launched but a very promising team, Swedish indie studio Sharkmob today announced it has been 100% acquired by Tencent Games.
MAY 21, 2019 9:15 AM
GamesRound
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In a press release issued today, Tencent noted that the acquisition of the company, located in Malmö, Sweden, will help further their track record for high quality, online games with open world settings.

"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," stated Sharkmob CEO Fredrik Rundqvist. "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."

No financial details were provided. Unaffected by the acquisition, Sharkmob continues working with its unannounced online game as well as several new projects together with Tencent.
"Sharkmob's creative and passionate team has a proven track record of developing triple-A titles" Steven Ma, senior vice president of Tencent
Tencent is China's biggest social media company, and it has holdings in a number of famous game developers, from Supercell to Epic Games. And the Sharkmob deal shows that the Shenzhen, China-based company still has an appetite for Western game companies.

Sharkmob was founded two years ago by a group of ex-Ubisoft developers led by Rundqvist, himself the former CEO of Massive and executive producer on The Division. When the studio announced its formation last year, it also teased its first title, a multiplayer PC and console game based on a "cult classic" franchise.