Tencent acquires Warframe owners

[GravityHurts]

Summary

 

Tencent has acquired Leyou Technologies, the parent company of the studio behind the popular free-to-play game Warframe, for $1.4B.

 

Quotes

Quote

 Chinese gaming giant Tencent (SEHK: 700) through its wholly-owned subsidiary Image Frame Investment acquires Hong Kong-based game developer and distributor Leyou Technologies (HKG: 01089) for the consideration of around $1.4B.

 

My thoughts

I don't really have much to say about this. I personally don't think that Tencent buying out more and more companies is a good thing, but what do I know.

 

Sources

 https://investgame.net/news/tencent-has-acquired-leyou-technologies

[Potatocell]

tencent should be called tentrillion 

[Donut417]

9 minutes ago, dfsgsfa said:

Tencent

They own 40% of Epic games according to Wikipedia. So it seems like a logical move. They also own some small chunks of Universal Music and Warner Brothers music. So they seem like they are in to entertainment. Gaming is a big industry and if they play their cards right, they can make billions. 

[CircleTech]

3 minutes ago, Donut417 said:

They own 40% of Epic games according to Wikipedia. So it seems like a logical move. They also own some small chunks of Universal Music and Warner Brothers music. So they seem like they are in to entertainment. Gaming is a big industry and if they play their cards right, they can make billions. 

billions of Zimbabwe dollars:

 

[AlexOak]

Well it was nice while it lasted. Would interresting to see what the studio has to say about this.

 

[Donut417]

1 minute ago, AlexOak said:

Well it was nice while it lasted. Would interresting to see what the studio has to say about this.

 

I dont see this causing an issues. I doubt they will change a lot, they are just in it for the money. Free to Play games make lots of money. 

[Elvara]

EA at some point also bought a lot of studios and killed some good games license in the process but maybe I noticed it more because it  was game I was actively playing at the time. After that Tencent being Chinese doesn't really matter that much I mean most hardware is made in Asia and it never bothered anyone, the US tech giant have been getting access to your data for years also and it never bothered anyone. 

Since everyone is going around with a smartphone privacy is dead anyway, I mean social media, photo with gps coordinate even if you don't use social media, you probably appeared in someone else post at some point...

[ravenshrike]

Well... shit, there goes the void. Within 2 years the game will be unrecognizable.

[S w a t s o n]

Sad, the devs are still here in Canada but I fear for their livelihoods

[Doobeedoo]

How great. 

[Dean0919]

I don't think it's a good news that Tencent acquired the parent company of the studio behind the game Warframe. And I don't think it's good that Tencent acquires any foreign game companies, because remember what happened to Blizzard during Hearthstone esports? If anyone isn't aware of this event, Blizzard banned player for supporting Hong Kong protests. The casters who conducted the postgame interview got also fired. Blizzard also banned three college students and temporarily suspended multiple people in a Twitch chat for also expressing support for the protests. Guess why it happened? Because Tencent owns a 5% stake in Blizzard's parent company & Tencent is a Chinese company. Lots of gamers deleted their accounts on Blizzard as a protest (including me too). If anyone wants more details about it, you can read it here: Blizzard Entertainment Bans Esports Player After Pro-Hong Kong Comments

 

So, if Tencent acquires more companies, it means more censorship and bans can happen like this. China isn't a democratic country. It's a communist, autocratic country. That is why it's a bad news.

[xAcid9]

What this mean for Warframe? Either nothing or probably better content update, that's all.

[huilun02]

38 minutes ago, Unclescar said:

 

 

4 minutes ago, Dean0919 said:

 

No, the problem is spineless companies only caring about money

If no one thought to have them be morally upright before, then why is it a problem now?

Dont want companies getting bought up by Chinese companies? Ban investment from Chinese companies then

Fucking double standards

[SolarNova]

Well thats unfortunate for Warframe, though to be blunt, Warframe was already heavily designed around Premium currency and MTXs so most people who play it hardcore wont notice a difference.

 

i tried getting into once, played  a good deal of it, but in the end the freemium game mechanics just got in the way to much. its an otherwise good game, just ruined by the monetization scheme.

[spartaman64]

1 hour ago, Unclescar said:

snip

I feel like this is mostly a business venture though. warframe isnt like fortnite or league with a lot of potential for influence a large population

 

[williamcll]

I didn't even knew Warframe was in Hong Kong, sounds like it was changed hands before.

 

Also lmao at the people here really sucking up that counter-propaganda.

[Warin]

My son dislikes Epic because of Tencent's involvement.

My son currently has 6309 hours into Warframe.

This is my laughing face: 

[Quinnell]

I do not like the CCP.  By extension, I do not like companies like Tencent which go around buying stakes in companies like Riot, Epic, and now Leyou.  You can essentially consider any Chinese company an extension of the CCP due to their authoritarian nature.  

 

That said... I doubt this will have any overt effect on Warframe's development aside from the standard China-friendly PR.  Which honestly happens even with Western-owned companies (Blizzard/Activision, NBA, etc vs supporters of Hong Kong).  

Edited September 3, 2020 by Quinnell
minor phrasing change "Western-owned"

[Eaglerino]

So many western companies freely selling themselves out to China...

[williamcll]

4 hours ago, Eaglerino said:

So many western companies freely selling themselves out to China...

Capitalism in action :^)

[Drama Lama]

Why did they pay 1.4 billion dollars?

 

the game is for free

[garerosax]

Great news for us

[Nicnac]

Hm I have a Bad feeling about this... I recently got into it again with the heart of Deimos update which I really liked... I always found it amazing how such a small studio could churn out so much new content all the time. Bungo take notes!

[wkdpaul]

* Thread further cleaned *

 

If one of your reply was removed, it's either because it was off-topic, pointless, a bit too political, or because you quoted something that was removed.

 

Please, stay on-topic, and avoid political discussion, though we understand these types of news are intertwined with politics because of the CCP.

[bit]

damn cant wait for warframe to be run into the ground like every other game tencent has gained control of like uhh.... uhhh....