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Tencent didn't invest in PUBG studio Bluehole

Bluehole shoots down rumors of Chinese titan Tencent's reported investment.

@DeekeTweak
Published Tue, Aug 15 2017 6:23 PM CDT   |   Updated Tue, Nov 3 2020 11:54 AM CST

PlayerUnknown's Battlegrounds publisher Bluehole denies Tencent investment.

Tencent didn't invest in PUBG studio Bluehole | TweakTown.com

Reports from Yicai Global maintained that Chinese titan Tencent had backed PlayerUnknown's Battlegrounds publisher Bluehole with an undisclosed sum. Now the South Korean publisher has spoken out, squashing the report. "These reports are not accurate. Tencent didn't make an investment into Bluehole," the company told the Esports Observer in an official statement.

With the massive success of PlayerUnknown's Battlegrounds, it's easy to see why companies like Tencent would mull an investment. The game has crested multiple milestones, including selling 4 million copies in three months and making a whopping $100 million in revenue. The game enjoys a massively engaged playerbase that continues to grow, and now sits at the top non-Valve game on Steam in concurrent players.

The PUBG early access sensation bubble has yet to burst. Despite the controversy behind paid loot crates, the game's sterling performance has yet to rust. At the time of writing the game has sold almost 7 million copies worldwide and shows no signs of slowing down.

It'll be interesting to see how this develops in the coming months, and how Bluehole and PUBG continue to grow. The early access battle royale shooter is set to launch on Microsoft's Xbox One console later in the year, which will envelope a new platform of consumers into the fray.

Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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