In a statement, Kenichi Sato, president of Platinum Games, said, "This partnership has no effect on the independence of our company, and we will continue operations under our current corporate structure. The latest investment highlights Tencent's drive to expand its presence outside of China shows little sign of abating, with similar non-majority holdings purchased from firms last year such as Funcom. While the exact terms of the funding has not been disclosed, the resultant partnership will not immediately affect the established corporate structure of the Osaka-based firm. Japanese developer Platinum Games has announced a capital investment from Tencent to purportedly support its self-publishing efforts and to facilitate global expansion. Despite opening week sales figures in Japan falling below market expectations, expectations that Nintendo would continue to diversify its Switch offerings were bolstered by impressive sales for the simplified Switch Lite console, which shifted 1.95 million units globally during its first two weeks of release. While details on the console are scarce, it is thought that the new model will be fitted with a more powerful CPU and a magnesium alloy body, which would corroborate suggestions that Nintendo is due to release a "Switch Pro" edition of the console. Nintendo is planning to release a new version of the Switch console for mid-2020, with volume production set to commence during the first quarter of the year, according to upstream supply chain sources speaking to DIGITIMES.
The Neuchâtel, Switzerland-based firm has also been active in startup investment rounds, most notably contributing to a USD$3.85m (£2.93m) funding round for social video app Bunch. If confirmed, the deal would mark the second acquisition by Miniclip in less than a year, having purchased casual mobile multiplayer developer Masomo for an undisclosed sum in February 2019. According to Sensor Tower data, the firm realised total revenue of USD$1.5m (£1.1m) from its app portfolio during December 2019. Ilyon, founded in 2013, is best known for developing free-to-play casual titles such as Power Pop Bubbles, Bubble Shooter, and most-recently Hexa Jigsaw Puzzle. for a total consideration of USD$100m (£76.2m), according to sources speaking to The Marker. Tencent-owned Miniclip has reached an agreement to acquire Israeli mobile game developer Ilyon Dynamics Ltd. In today’s edition: Miniclip to acquire Ilyon Games new Switch console rumoured for mid-2020 and Tencent invests in Platinum Games. We are sure that you would never end up in there and that nothing is going to stop getting by.TheGamingEconomy Daily Digest brings you the trending business stories in gaming. Using the mouse you should definitely be making everything being made just fine and nice. Gather everything that you want so nice and so cool that nothing that you do not like would get in front of yourself. The Bubble Trouble Characters are going to be put over there in no time without any help at all. We want to be ensured that you could definitely going to make everything really nice. Using the mouse you are going to be pointing at the bubbles and shoot them instantly so they could split appart and get more and more of them. Share us the details that you would like to see over and over again and never get us lost. Get over everything that you wish for and manage to help the bubble trouble guys so fast that no one would ever get in front of yourself. Bubble Trouble is a true game that you should be playing on our site and manage to determine us every single detail that would ever occur over there without any condition at all.
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