Wake Up Interactive Acquired By Tencent For US$44 million

Tencent Acquired 90% Stake For US$44 million In Wake Up InteractivePin

The Japanese game studio Wake Up Interactive has developed popular Nintendo Switch game Ninjala and helped create Travis Strikes Again: No More Heroes.

Tencent Holdings has quietly acquired a Japanese creative studio with several Nintendo Switch hit games to its name as part of a talent acquisition spree in the home of anime and manga, people familiar with the deal said.

Tencent Acquired 90% Stake For US$44 million In Wake Up InteractivePin
Tencent Acquired 90% Stake For US$44 million In Wake Up Interactive

The Shenzhen-based entertainment giant has taken about a 90% stake in Wake Up Interactive Ltd. for more than 5 billion yen ($44 million), the people said, asking not to be identified because the transaction is not yet public.

Wake Up owns Tokyo-based Soleil Ltd., which developed Nintendo Switch hit Ninjala and helped create Travis Strikes Again: No More Heroes. Taking over almost the entire company is unusual for Tencent in Japan, which has so far made smaller investments and mainly aimed to secure international publishing rights for future games.

The Wake Up purchase, which came in September, is one of several deals that Tencent struck with privately-held game makers in Japan this year.

Tencent Acquired 90% Stake For US$44 million In Wake Up InteractivePin
Tencent Acquired 90% Stake For US$44 million In Wake Up Interactive

Soleil is known for its track record of producing high-quality action games for consoles, PCs and smartphones, which was part of the motivation for Tencent’s approach to its parent company.

Representatives of Tencent and Wake Up did not immediately respond to requests for comment.

Gaming News 24/7 - Reinout te Brake -  Video Games Podcast - Game Consultant - Video Gaming News 2021
Gaming News 24/7 – Reinout te Brake –  Video Games PodcastGame ConsultantVideo Gaming News 2021
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