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Tencent Acquires Back 4 Blood Developer Turtle Rock Studios

The deal won't affect Turtle Rock's plans for Back 4 Blood.
The deal won't affect Turtle Rock's plans for Back 4 Blood. / Credit to Turtle Rock Studios

Chinese mega conglomerate Tencent has acquired Turtle Rock Studios, the companies announced Friday.

Turtle Rock is best known as the developer behind Left 4 Dead, Evolve, and most recently, Back 4 Blood. It will continue to operate out of its Lake Forest, Calif. office, with co-founders Phil Robb and Chris Ashton remaining in charge of day-to-day operations.

"We are all looking forward to joining the Tencent family of studios," said Steve Goldstein, president and general manager of Turtle Rock Studios. "Tencent’s outstanding partners, global reach, deep knowledge of gaming and unprecedented support will help us create the kinds of ambitious games we dream of, while allowing us to retain our autonomy and independent spirit."

The price tag on the deal was not made public.

"We are huge fans of Turtle Rock’s games, especially their amazing approach to creating co-operative online games," said Eddie Chan, chief strategy officer of Tencent Games Global. "We can’t wait to see what comes next, and we’re excited to be part of their future."

Turtle Rock is the latest gaming investment for Tencent. It began 2021 by purchasing a majority stake in Don't Starve developer Klei and a minority stake in Life is Strange developer Dontnod. It also wholly owns League of Legends maker Riot Games.

The companies say the deal will have no effect on Back 4 Blood, which Turtle Rock released Oct. 12 and plans to support with additional content releases moving forward.