Who bought out PUBG?

Krafton Inc.

The company has produced or owns the rights to several notable video game titles including TERA, PUBG: Battlegrounds, New State Mobile

New State Mobile

NEW STATE Mobile (formerly PUBG: New State) is a futuristic style multiplayer online battle royale video game developed by PUBG Studios and published by Krafton. The game was released on November 11, 2021, for iOS and Android through the App Store (iOS/iPadOS), Google Play and Samsung Galaxy Store.

https://en.wikipedia.org › wiki › New_State_Mobile

New State Mobile - Wikipedia

, and Moonbreaker. According to Forbes, Chang has a net worth of $2.9 billion and is one of the seven gaming billionaires in South Korea.

Who is PUBG owned by?

PUBG Mobile is a free-to-play battle royale video game developed by LightSpeed & Quantum Studio, a division of Tencent Games. It is a mobile game adaptation of PUBG: Battlegrounds. It was initially released for Android and iOS on 19 March 2018.

Did Tencent Games sold PUBG?

In response to the ban, PUBG Corporation, the parent company of PUBG Mobile has announced Tencent Games will no longer have publishing rights for the game in India. “In light of recent developments, PUBG Corporation has made the decision to no longer authorize the PUBG MOBILE franchise to Tencent Games in India.

What happened to people who bought PUBG?

What happened to people who paid for PUBG? As of January 12, 2022, PUBG: Battlegrounds will be free-to-play, but existing players (those who bought the game) will be given in-game rewards as compensation.

Why did PUBG shut down?

The Indian government had on September 2 banned 118 apps on national security concerns, including the immensely popular PlayerUnknown's Battlegrounds (PUBG) Mobile. It was banned under Section 69A of the Information Technology Act.

i bought ROYALE PASS and PUBG got BANNED

Is PUBG owned by Tencent or Krafton?

Krafton Inc.

The company has produced or owns the rights to several notable video game titles including TERA, PUBG: Battlegrounds, New State Mobile, and Moonbreaker. According to Forbes, Chang has a net worth of $2.9 billion and is one of the seven gaming billionaires in South Korea.

Why is PUBG not Tencent?

The maker of the hit video game PlayerUnknown's Battleground (PUBG) has cut ties with Tencent in India after Delhi banned apps with links to China. PUBG Mobile was one of 118 Chinese apps that the Indian government blacklisted over national security concerns.

Did PUBG break partnership with Tencent?

PUBG Corporation is a subsidiary of Bluehole Games, the South Korean company that developed PUBG. Exactly a week since its ban and 24 hours after it severed ties with Tencent Games in India, the South Korean maker of popular mobile game PUBG is scouting for an Indian partner to revive the popular game's fortunes.

How much was PUBG sold for?

Krafton Inc., creator of hit video game PUBG: Battlegrounds, plummeted in its Tuesday debut after pulling off a $3.8 billion initial public offering that was South Korea's biggest in over a decade.

Did PUBG change owners?

Brendan 'PlayerUnknown' Greene leaves PUBG owner Krafton to form new studio. PlayerUnknown Productions will work on "the kind of experience I've envisioned for years."

Why is Tencent shutting down?

Tencent is shutting down its video game streaming platform months after Beijing shut down a huge merger that would have made the Chinese internet giant a major player in the area. The service Penguin Esports will shut down from June 7, Tencent said, citing a change of business strategy.

How much Tencent owns PUBG?

Tencent owns around 10% stake in PUBG's parent firm Bluehole.

Did PUBG get sued?

The studio behind PlayerUnknown's Battlegrounds has dropped its lawsuit against the creators of global sensation Fortnite, ending a legal battle between two of the world's hottest games. PUBG Corp.

Why did China ban PUBG?

The strangest of all is the China ban of the game, considering Tencent Holdings is based out of China. The reason behind PUBG Mobile ban in its origin country is the amount of bloodshed in the game. Tencent has found a workaround for this and created a separate version of the game called Game For Peace.

What is PUBG now called?

PUBG: Battlegrounds (previously known as PlayerUnknown's Battlegrounds) is a battle royale game developed by PUBG Studios and published by Krafton.

Do the Chinese own PUBG?

The game was created and conceptualised by an Irish game developer, Brendan Greene, along with PUBG Corporation, a subsidiary of Bluehole, which is a South Korean gaming company.

What gaming does Tencent own?

Tencent has a very solid foundation for its global games operations, thanks to ownership of Riot Games, Funcom, Sharkmob, the Leyou Technologies group (including Digital Extremes and Splash Damage), and stakes ranging from 4% to 84% in Remedy, Epic Games, Activision Blizzard, Ubisoft, Krafton, Supercell, Frontier ...

How much Tencent owns Krafton?

Tencent held a 13.5% stake in Krafton as of end-March through an investment vehicle, according to Krafton's regulatory filing.

When did Tencent buy PUBG?

Bluehole (PlayerUnknown's Battlegrounds) - 11.5 percent

Tencent's investment into Bluehole first began in 2017 with Tencent first acquiring 1.5 percent of Bluehole before increasing that investment to an undisclosed amount rumored to be around 10 percent.

Why PUBG is removed from Play Store?

A report by Reuters said BGMI has been banned under Section 69A of the IT Act, the same section earlier used to ban PUBG. The provision allows the government to block public access to apps and websites in the interest of national security. What did Krafton say about the ban?

Is PUBG no longer free?

PUBG: BATTLEGROUNDS is a free-to-play game, supporting limited cross-platform play on featured platforms.

Will PUBG get banned?

Therefore, the game was banned on September 2, 2020 along with 117 other Chinese apps. One of the biggest reasons behind the ban of PUBG Mobile in India is concerns regarding data privacy of users. The servers of the game are located in China, and it was believed that user data was being stolen and transferred to .

Who owns 30% of Tencent?

South African media company Naspers purchased a 46.5% share of Tencent in 2001. As of 2021, it owns 30.86% through Prosus, which also owns a stake in Tencent's sister companies, such as OLX, VK, Trip.com Group, Delivery Hero, Bykea, Meesho, Stack Overflow, Udemy, Codecademy, Brainly and PayU.