Niko Partners? senior analyst Daniel Ahmad has revealed that Chinese giant Tencent has acquired a 10 percent minority stake in Lost Soul Aside developer, UltiZero Games. Details of the deal have not been made public by either of the companies at the time of this writing, but Ahmad said that Lost Soul Aside?s development is ?progressing well.?
?Tencent has been increasing its M&A activity in the HD console game space, acquiring both minority and majority stakes in console game developers both in China and overseas,? Ahmad tweeted. ?It has also invested in a number of Chinese console game devs, including the devs behind Sinner.?

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