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Video game: Tencent takes a stake in French Dontnod

2021-01-28T17:04:55.480Z


Another French nugget, Bordeaux's Asobo, raised 20 million euros last week. 2021 is starting under the best auspices for video games made in France. Last week, the Bordeaux studio Asobo, which designed the Flight Simulator aerial simulation on behalf of Microsoft, announced that it had raised 20 million euros from the French fund Sagard NewGen. This transaction values ​​the company at 65 million euros. On Wednesday evening, it was the turn of the Parisian Dontnod to reve


2021 is starting under the best auspices for video games made in France.

Last week, the Bordeaux studio Asobo, which designed the

Flight Simulator

aerial simulation on behalf of Microsoft

, announced that it had raised 20 million euros from the French fund Sagard NewGen.

This transaction values ​​the company at 65 million euros.

On Wednesday evening, it was the turn of the Parisian Dontnod to reveal the entry into its capital of a leading player: Tencent.

The Chinese video game giant has invested 30 million euros and now owns 22% of the capital of the creators of the

internationally successful

Life is Strange

saga

.

The news made Dontnod's stock jump by more than 10%, with a market valuation of 93 million euros.

Read also:

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"We keep our independence by retaining the majority of the voting rights"

, specifies in

Figaro

Oskar Guilbert, co-founder and CEO of Dontnod.

Tencent is increasing the number of minority stakes in video games around the world.

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Source: lefigaro

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