PRAGUE (Reuters) – Chinese technology group Tencent Holdings Ltd has agreed to take an unnamed small stake in Czech games developer Bohemia Interactive, for an undisclosed sum, Bohemia said Tuesday.
Bohemia was founded in 1999 and since then has grown up with weapon-based game titles like Arma, with over 7 million units sold, but also DayZ, Vigor and Ylands.
“The existing management and co-founders will be in control of the industry and this strategic investment will support our current and future efforts,” CEO and co-owner Marek Spanel said on Twitter.
Bohemia reported sales of 1 billion crowns ($ 47.04 million), operating profit of 510 million crowns and net profit of 425.1 million crowns in 2019, regulatory filings showed.
The company reported more than 14 million total players in 2020 and 352 employees.
Until now the company had been wholly owned by the founders Spanel and Slavomir Pavlicek.
Reciting with Jan Lopatka. Edited by Jane Merriman