Tencent acquires minority stake in Yooka-Laylee developer Playtonic

Tencent acquired a minority stake in Playtonic, the developer of Yooka-Laylee and its 2D sequel, Yooka-Laylee and Impossible Lair.

This news came through Playtonic, which announced the news through a blog post made today. The studio maintains “full creative control over IP” and says it will use Tencent’s investment funds to expand from its current structure to a larger one.

Playtonic’s blog said, “Using Playtonic…investment, we will expand from our current one team structure to multiple teams, with a focus on recruiting diverse talent from close quarters, improving our HQ, and expanding into new locations. “, said Playtonic’s blog. read the post.

Playtonic founder Gavin Price said Tencent’s investment will help scale the studio and quickly track “a very interesting and secretive project we had close to our treasure chest.” Playtonic’s studio expansion has already begun with Playtonic previously hiring Raw Fury and Team 17’s Danny Spiteri as their new Head of Publishing.