Remedy and Tencent sign $17 million loan deal to boost self-publishing efforts

pcgamer.com

Remedy Entertainment has signed a €15 million ($17 million) convertible loan agreement with Tencent. This deal could allow Tencent to increase its ownership in Remedy, which currently holds a 14% stake. The loan aims to support Remedy's self-publishing efforts and enhance its control over game commercialization. Approval for the agreement will be discussed at an Extraordinary General Meeting on October 24. If approved, the loan could convert into approximately 811,100 shares, representing about 5.98% of Remedy's total shares. Remedy previously canceled a project with Tencent to focus on other games in its portfolio.


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Remedy and Tencent sign $17 million loan deal to boost self-publishing efforts | News Minimalist