China's NetEase buys gaming studio involved in major titles including Halo Infinite and Minecraft
Publishing timestamp: 2023-01-06 15:12:17
Summary
NetEase, China's second-biggest gaming company, has acquired Canadian gaming studio SkyBox Labs which is co-developing major games including Halo Infinite. SkyBox Labs will operate independently under NetEase and the two companies did not disclose financial terms of the deal. NetEase has ramped up its international expansion efforts in gaming over the last two years as China's domestic market has slowed amid tougher regulation. NetEase will support SkyBox Labs with resources and execution capabilities to achieve faster scale while maintaining quality of work. NetEase is also looking to become a major player in the console space.
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Keywords: netease inc, gaming software, game consoles, mobile gaming, business news, tencent holdings ltd, technology,