Tencent is continuing its acquisition spree, with the latest report claiming that the Chinese company is ready to buy 1C Entertainment. The Russian-founded and Poland-based company is best known for reinventing the iconic King’s Bounty series.
The information about the potential deal was spotted on the Office of Competition and Consumer Protection (UOKiK) website (via GRY-OnLine). According to the document, Tencent’s subsidiary Proxima Beta Europe will take over 1C Entertainment.
1C Entertainment Group is a Russian game company, which is now legally registered in Poland. The list of companies that are part of the group includes Muve (provides digital distribution services), Cenega (physical distribution and sale of game-related accessories), Qloc (provides services like programming, testing, and localization), and 1C Online Games (publisher and developer).
Neither Tencent nor 1C haven’t commented on the report yet. The financial terms of the potential deal are also unknown. If the information published on the UOKiK website is true, all companies mentioned above will join the Chinese tech giant.
1C Entertainment is known for games like IL-2 Sturmovik, Men of War, Space Rangers, and King’s Bounty. The company is now working on King’s Bounty 2, which will come out on August 24.