The Chinese corporation Tencent has acquired less than 5% of the shares of Bluehole Studios, which created the popular PvP action game Playerunknowns Battlegrounds.

The transaction amount was $61 million.

Tencent intended to buy a controlling stake in the company, but the Korean firm refused the deal on such terms.

It is assumed that Tencent could buy shares of Bluehole Studios from investors, who in total own about 15% of the studio’s shares.

Against the background of the success of Playerunknowns Battlegrounds, the value of Bluehole shares is steadily growing.

As of September 28, the company’s assets on the OTC market have almost doubled in price over the past month.

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