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Tencent-Affiliated Sea Limited Acquires Phoenix Labs

Garena, the gaming division of Singapore-based holding company Sea Limited, acquired Phoenix Labs —the developer behind the RPG game Dauntless.

Singapore-based Sea Limited, an affiliate of the Chinese conglomerate Tencent, announced its acquisition of Phoenix Labs through its digital entertainment arm Garena.

Based in Vancouver, Canada, the independent studio released its debut title — the cross-platform RPG game Dauntless — in 2019. Garena, one of the studio’s earliest investors, will retain the studio’s current management team. 

With the addition of the development team from Phoenix Labs, Garena can boost its in-house content creation capabilities. Meanwhile, the Canadian studio can make bigger improvements to its debut title with Garena’s resources and global network.

Through the collaboration, the two companies plan to add more features to Dauntless and explore opportunities in the mobile market and in different regions like Latin America and Asia.

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