" target="_blank" class="background-cover" id="bg_url_kg"> ?>
Home / Tech News / Featured Tech News / Tencent reportedly looking to buy Crytek for over €300 million

Tencent reportedly looking to buy Crytek for over €300 million

Matthew Wilson July 14, 2021 Featured Tech News, Software & Gaming

We've known for a while now that Tencent is looking to acquire more game developers and according to reports this week, it may have its eyes on Crytek. Sources this week claim that Tencent is looking to acquire Crytek.

According to German news outlet, Bild, Tencent is looking to acquire Crytek via Proxima Beta Europe BV, a Tencent subsidiary company based in Europe. This is the same subsidiary that was used to invest in Dontnod Entertainment months ago. If Tencent is to acquire Crytek, it will be in a deal with more than €300 million.

Sources with knowledge of the situation do have some concerns though, as Crytek's CryEngine is not only used by game developers, but also armed forces in countries like Germany and the US for military simulation programs. There is some worry around whether Crytek could be used for non-commercial purposes.

Tencent has invested in many video game companies over the years, with a massive 40 percent stake in Epic Games, as well as investments in the likes of Ubisoft, and smaller developers like Remedy Entertainment.

KitGuru Says: Crytek has been in acquisition rumours for some time now, so it isn't hard to believe that Tencent is one of the interested buyers. Of course, there is always the chance that another company swoops in with a better offer.

 

Become a Patron!

Tags

Check Also

Battlefield launcher

Battlefield 6 on Steam will not require EA’s launcher

One of the biggest issues with PC gaming is the ability for a publisher to create its own bespoke game launcher. While in and of itself not a problem, many of these launchers are required even when using the likes of Steam or Epic Games. One of the biggest culprits in this regard is EA. Thankfully, the publisher has confirmed that Battlefield 6 on Steam will not require the use of the EA app.

© Copyright 2025, Kitguru.net All Rights Reserved Standard Terms

We've noticed that you are using an ad blocker.

Thank you for visiting KitGuru. Our news and reviews teams work hard to bring you the latest stories and finest, in-depth analysis.

We want to be as informative as possible – and to help our readers make the best buying decisions. The mechanism we use to run our business and pay some of the best journalists in the world, is advertising.

If you want to support KitGuru, then please add www.kitguru.net to your ad blocking whitelist or disable your adblocking software. It really makes a difference and allows us to continue creating the kind of content you really want to read.

It is important you know that we don’t run pop ups, pop unders, audio ads, code tracking ads or anything else that would interfere with the KitGuru experience. Adblockers can actually block some of our free content, such as galleries!