Tencent acquires majority stake in Klei Entertainment

klei entertainment
Tencent acquires majority stake in Klei Entertainment

Tencent has acquired a majority stake in Don’t Starve developer Klei Entertainment. According to a forum post published recently, the studio will continue to maintain its autonomy after this acquisition.

Klei will continue to work autonomously under Tencet

Klei Entertainment founder Jamie Cheng confirmed in a forum post that the studio behind Don’t Starve, Oxygen Not Included and Griftlands have signed up with Tencent. Under the deal, Tencet has taken a majority stake in Klei Entertainment.

Cheng said that Klei will maintain “full autonomy” and there will be no changes in staffing, projects or other operations.

“Klei has been around for 15 years, and we have made many changes over the years in order to respond to a changing world,” wrote Cheng. “Consistently, my wish has been to enable people to do their best creative work, to learn and grow, to not have to worry about finances and be able to enjoy their lives outside the studio. This has not changed.”

“This partnership helps us navigate a changing industry, and helps us focus on what we do best: making unique experiences that no one else can.”

Klei worked with Tencent to bring Don’t Starve to Chinese players.

This isn’t the first time that Klei works with Tencent. The two companies worked together in 2016 to bring Don’t Starve to China. The studio has looked at different companies over the years, Tencent is the only company that would let the studio retain the level of control it demands.

“We’ve been working with Tencent for years and even at points where we disagreed, they were always willing to work with us to find the best solution for everybody involved and defer to us when we felt strongly.”

Last month, Tencent also announced a takeover of Leyou Technologies Holdings, which included Warframe developer Digital Extremes, UK studio Splash Damage, and Athlon Games, which is currently working on a Lord of the Rings MMO.

Like Klei, Digital Extremes had assured that it did not expect any changes to Warframe or the way the studio operates following the takeover.

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