MSC NewsWire

Founded by Max Farndale 1947 - 2018
Wednesday, 17 August 2022 10:50
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Grinding Gear Games developer now possible to expand and hire

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

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
Tagged under
  • news talk

Related items

  • Sir Bill English to be honoured by Victoria University of Wellington
  • Higher bank capital better for banking system and NZ
  • Plastics industry helps designers create easy-to-recycle packaging
  • Great Barrier unhappy with Auckland’s marine sludge plan
  • XE Update Friday 30 November, 2018
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 »
back to top
Aug 28, 2018

UC engineering innovation boosts new city library’s quake resilience

in CONSTRUCTION
Mar 21, 2018

Solid milk price some comfort to farmers given tough six months for Fonterra business

in BUSINESS
Oct 29, 2018

Major role outlined for oil and gas in a lower carbon world

in BUSINESS
Jun 25, 2018

NZ Refining shutdown to trim $40 mln from annual profit as costs pile up

in BUSINESS
May 24, 2018

New Zealand happy to forget the UK's 'betrayal'

in TRADE
Jul 11, 2018

NZ fin services need to be even more transparent

in FINANCIAL
Sep 04, 2018

Seeka's avocado harvest has started

in HORTICULTURE
Apr 06, 2018

Harlequin ladybirds a threat to New Zealand horticulture

in HORTICULTURE

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2022 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
TravelBits