Tencent Takes a Ride on U.K. RollerCoaster Game Studio
- Frontier Developments based in Cambridge and listed on AIM
- New stake worth $23.2 million, Frontier to issue new shares
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Tencent Holdings Ltd. has taken a 17.7 million pound ($23.2 million) stake in Frontier Developments Plc, a U.K. gaming studio that has recently secured rights from a major Hollywood studio for a new gaming franchise.
Frontier, a small game-maker based in Cambridge and listed London’s junior Alternative Investment Market exchange, is best known for its Elite and RollerCoaster Tycoon franchises.