Tencent Acquires Minority Stake In Yooka-Laylee Developer Playtonic

Tencent bought a minority share in Playtonic. Playtonic was the developer of Yooka-Laylee’s 2D sequel Yooka-Laylee: The Impossible Lair. 

Playtonic has announced these details in a blog post posted today. The studio says it will retain “full creative control over its IP” and will use Tencent’s investment funding to scale from its current structure to a bigger one. 

“Playtonic…will use the investment to scale from their current one team structure to multiple teams, with an emphasis on hiring diverse talent from near and afar, improving their HQ, as well as looking to expand in new locations,” Playtonic’s blog post reads. 

Playtonic founder Gavin Price says Tencent’s investment will help the studio scale-up and fast-track the “super-exciting, super-secret projects we’ve been keeping close to our treasure chests.” The expansion of the studio has already begun, too, with Playtonic hiring Danny Spiteri, formerly of Raw Fury and Team 17, as its new Head of Publishing. 

Check out more Playtonic by reading our review of its original game. Game Informer’sYooka Laylee Review and Second Edition: What We Thought of It? Game Informer’sYooka Laylee’s Impossible Lair Review after that. 

Do you feel excited for the future of Playtonic Please let us know what you think in the comments section below.