Kakao Games secures $131m from five investors
Tencent and Bluehole among the five companies to invest in South Korean developer
Chinese internet giant Tencent is one of five companies to have invested a collective 140 billion won ($131.6 million) in South Korean developer, Kakao Games.
Netmarble Games, South Korea's largest mobile developer, and subsidiaries of Tencent will invest 50 billion one each, while Actozsoft will invest 20 billion won.
Investing ten billion won each is the publisher of PlayerUnknown's Battlegrounds, Bluehole Studio, and Premier Growth-M&A PEF.
As reported by The Investor, the Kakao Games confirmed its global expansion strategy would see it acquire game firms with the new capital.
Kakao has been working with Tencent and Bluehole to launch PUBG in China. Additionally, it plans to help launch Actozsoft's Dragon Nest in the first quarter of 2018.
"The latest investment proves our partners appreciate our growth potential," Kakao Games CEO Namkoong Hoon said in a statement.