Tencent buys minority stake in Yooka Laylee developer

It is not known exactly how many shares Tencent owns, but Playtonic has confirmed that it will retain ownership of its IP. The money from the purchase will be used internally for growth. Playtonic is used to working with one team on one game at a time, but now it should be possible to work with multiple teams. It is also possible that more offices will be opened.

The British Playtonic is best known for the two Yooka -Laylee platformers, very reminiscent of classic Rare games. That’s no coincidence: many studio employees used to work at Rare as well.

Tencent has invested heavily in various game companies in recent years, including Sumo Digital, Remedy, Epic Games, Ubisoft, Dontnod, PlatinumGames, Riot Games and Funcom.

Chinese company Tencent has bought a minority stake in Yooka Laylee studio Playtonic.