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Tuesday, 09 March 2021 18:15
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Grinding Gear Games developer now possible to expand and hire

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A Kiwi video game company founded in a New Lynn garage has sold up 80 per cent of its shares to a Chinese giant worth more than $800 billion.  Chinese internet colossus Tencent Holdings has bought a controlling stake in West Auckland's Grinding Gear Games, which developed Path of Exile.

Grinding Gear Games managing director Chris Wilson said the deal meant the company could expand and hire more people for its Auckland-based studio.The Chinese online games company, the world's largest worth US$580 billion ($840b), acquired 80 per cent of the company for an undisclosed amount.

  • Source/ReadMore: The NZHerald
Published in Gaming
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More in this category: « Telco’s globally are preparing for the growth of mobile gaming Tencent Mobility snaps up Grinding Gear Games for more than $100M »
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