![]() Tencent reaffirmed their intents to fully acquire Bluehole in November 2017. Subsequently, Tencent acquired 1.5% of Bluehole for a total of ₩70 billion. Bluehole initially denied that any investment had been made, but later stated that they were in talks with Tencent in multiple partnerships, including the acquisition of an equity stake in Bluehole by Tencent. In August 2017, Chinese holding company Tencent announced that it had, following a rejected acquisition bid, invested an undisclosed amount of money into Bluehole. The company announced on 22 April 2015 that they had changed their name to simply Bluehole. Chang previously established Neowiz in 1997, along seven other co-founders, moved on to found search engine developer First Snow in 2005, and sold that venture in 2006. On 5 November 2018, all subsidiaries were reorganized under one parent company: Krafton Game Union.īluehole Studio was founded in Seoul in March 2007 by Chang Byung-gyu. Subsidiaries īluehole has acquired several development studios since its founding. China is a very important market for video games due to its population density, hence the collapse of companies is devastating for every videogame company, including Krafton. Video games are viewed as an ' electronic drug' and a 'spiritual opium', especially shooting videogames, which according to the Chinese government promote violence. Shares of several Chinese and foreign video game companies, including Tencent, which is the largest video game company in China and a provider for foreign companies to publish games in their country, fell due to new restrictions imposed by the Chinese government. The IPO was held on 10 August 2021 while its value dropped by 8.8% from the original asking price at the end of trading, it still ended with Krafton being valued at US$19.32 billion. The firm plans to raise ₩5.6 trillion (US$5 billion) at a market valuation of ₩30 trillion ( US$27.2 billion). ![]() The company announced its plans to file for an initial public offering in July 2021, filing its initial approval for listing on the Korea Stock Exchange in April 2021. Kim Chang-han, the CEO of the PUBG Corporation (current PUBG Studios) that developed PlayerUnknown's Battlegrounds, was named as CEO for Krafton. "Krafton" was selected based on the names of craft guilds of the Middle Ages. History įollowing the success of PlayerUnknown's Battlegrounds which had led to both investment from Tencent Holdings and expansion and acquisition of studios, Bluehole opted to establish Krafton on 5 November 2018 to serve as a holding company for its video game properties. According to Forbes, Chang has a net worth of $2.9 billion and is one of the seven gaming billionaires in South Korea. The company has produced or owns the rights to several notable video game titles including TERA, PUBG: Battlegrounds, New State Mobile, and Moonbreaker. It was created in November 2018 to serve as the parent company for Bluehole, founded by Chang-Byung-gyu in Seoul in March 2007, and its subsidiaries. ( Korean: 주식회사 컴퍼니 크래프톤) is a South Korean video game holding company based in Bundang-gu, Seongnam. We will share the full patch notes for update 18.2 in a separate article once the update is live.Krafton Inc. The former will allow you to refuel your vehicle, while the latter is the path toward high-value loots, but you can only unlock these doors using Security Keys, which can be found by exploring the map. ![]() ![]() These are simply ziplines that allow you to reach the top of a building or a skyscraper in a few seconds with no need to go all the way up through stairs.Īside from Ascenders, you can expect Fuel Pumps and Security Doors as other new additions to the game that will feature in Deston. There are many beautiful points of interest to check out in Deston, and you will probably love the map's visual design.Īrriving with Deston, PUBG receives a new in-game tool called Ascenders. Ripton, the city located in Deston, is probably the best thing you have ever seen in PUBG with a dense downtown area populated by skyscrapers. Deston is the 9th map of PUBG, and it will bring an 8x8 km environment to life for players, featuring various biomes, from a large-scale city area to a huge swamp in the northern part of the map. ![]() The upcoming update is somehow the most anticipated one for PUBG players in the past few months as it will add a new map to the game.
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