Tencent Wants to Take Over 1C Entertainment, Owner of Cenega and Muve
UOKiK announced that Dutch company Proxima Beta Europe B.V., a subsidiary of Tencent, is planning to acquire Polish group 1C Entertainment. It includes companies such as Cenega, Muve and 1C Online Games.
Tencent makes another investment. This time the signs point to 1C Entertainment. An entry [in Polish] was published on the website of the Polish Office of Competition and Consumer Protection, informing that there are plans for the Dutch company Proxima Beta Europe B.V., a subsidiary of the Chinese giant, to take over the Polish company.
1C Entertainment capital group consists of a number of companies which operate in various segments of the games industry. The most important of them are boxed game distributor Cenega, digital store Muve, publisher 1C Online Games, and Qloc, which offers specialized test programming and localization services.
There is no doubt that these are important entities from the point of view of the local consumer. After the collapse of CDP and the shutdown of Techland Publishing, Cenega became the main local publisher of boxed games. At this point it is unclear to what extent the takeover would affect the group's operations and how the changes would affect the consumers.
It is worth noting that Tencent has recently recorded declines on the Hong Kong Stock Exchange. This is a result of the Chinese government's criticism of video games - the state-controlled service has called them "digital heroin".
