Tencent has Invested in Grinding Gear Games

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Being a great game and all, hope this doesn't ruin it.
I'm not racist but "Not the Chinese!!"

lets be fair everyone, atleast its not blizzard taking over. also i play leugue aswel, and when they were sold to tencent i never noticed the transition either. im honestly more hopefull than most here, but its very understandable that we are all having some fears when we hear of these kind of changes when it involves our most beloved games.

all i hope is that GGG doesnt feel like they can now ignore their fans like most big companies do, i honistly respect the ggg's way of interacting with its playerbase, and are to date THE most respected gamingcompany when it comes to informing and listening to their fans, by far.

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Will Tencent try to change Path of Exile?

sweet song.. ((

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vacii wrote:

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Khy wrote:

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Will Tencent try to change Path of Exile?

No. We spoke to CEOs of other companies that Tencent has invested in, and have been assured that Tencent has never tried to interfere with game design or operations outside of China.

You spoke to CEOs of other companies? What about speaking to... Well... The freakin company itself you were in neogations with for the last weeks if not months?!

This answer alone makes no sense and shows how fishy the whole deal respectively the announcement of it is. You can only speculate how huge the (guaranteed) upcoming changes will be and what GGG is trying to cover here.

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We retain full control of Path of Exile and will only make changes that we feel are best for the game.

You can't. With Tencent holding 80% of GGG now (source) Chris, Jonathan and Erik might stay in control operatively, but whenever Tencent wants to change a single decision or a complete direction, they just overrule everthing.

The 80% show how all profits will be distributed. It's not uncommon to have an silent majority shareholder, you can even enforce that legally. If they want to make decisions they need 51% not 80. I assume the other 29% are compensation for being legally obligated not interfere in Development/Production/Marketing decisions. It is that simple. Stop Speculating.

First of all: You're speculating too. Nothing else.
But we both have different opinions about the situation and discuss them in a civilized way. So thank you for your comment.

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vacii wrote:

The 80% show how all profits will be distributed. It's not uncommon to have an silent majority shareholder

Alright let's assume it's indeed not about direct operational control but about the profit distribution. But what does a majority shareholder do when he is dissatisfied with the profit...?

Do you see? In these cases it all comes down who has the majority and when (not if!) he's using it.

Holy crap, been reading the community's reaction to this announcement for the past 30+ minutes. Can't imagine how the guys at GGG might feel after reading this and countless comments in other related threads, but it seems that they have lost a ton of support in one fell swoop.
As many others stated before me, I dont plan on buying any more supporter packs as well - what I used to support was a charming little indie studio. I hope this is not the beginning of the end of POE, but it sure feels like it.

Start looking for a new game, the timer has now started on the 100% pay2win gambling gacha chineese overhaul.

This really makes me sick, 3 months of beastiary where I went an entire month of not logging in to now this.

Now I dont even know if ill bother playing Incursion, seriously considering cutting my losses and just going elsewhere now.

With Jurgen Post being made a director of GGG, I can't see a great outcome for Path of Exile. (source)
I hope I am wrong however.
For further information, Jurgen Post was the former boss for Europe Sega.
"He spent over ten years at Sega, and was instrumental in the company's turnaround and restructure"(source)

I really hope that you guys will not end up like blizzard.
A casualloving familybusiness...

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vacii wrote:

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Caulder10 wrote:

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vacii wrote:

He is not selling the company, he sold 80% of the profits in exchange for bulk amount of money securing the development for the next 5-10 years.

You don't seem to understand how shares work.

Please enlighten me sir.

Allow me.

A company's balance sheet is: Assets = Liabilities + Equity/Capital.

Equity = shares in the company = ownership.

Since it has been noted that Tencent has acquired a "majority stake" it means that they have an 80% controlling interest of the company.