Leyou


Leyou is a Hong Kong based global video game holding company focused on free-to-play console and PC gaming. Leyou has five subsidiaries: Digital Extremes, Splash Damage, Athlon Games, Kingmaker and Radiance Games. Leyou also has a 20% stake in Certain Affinity and has an option to buy out the company after 2020.

Overview

In October 2014, the chicken meat supplier Sumpo Food Holdings announced their intent to acquire a majority stake in Canadian games company Digital Extremes. Digital Extremes is the developer and publisher of titles such as Dark Sector and Warframe.
In 2015, the company renamed itself to Leyou Technologies Holdings Limited. The company at that time had two core businesses, Agriculture and Poultry and Gaming.
In June 2016, Leyou purchased the remaining shares of Digital Extremes.
In July 2016, the sale of British games developer Splash Damage to Radius Maxima was announced, for up to $150 million by Paul Wedgwood, its sole owner, co-founder and chief executive. Splash Damage is the developer of titles such as,, Brink and Dirty Bomb.
In August 2016, the company announced they would sell the chicken business and focus on its gaming business.
In July 2017, Leyou announced that it had acquired a 51% stake in Guangzhou Radiance Software Technology Co. Ltd., a company working on Civilization Online under a license granted by Take-Two Interactive.
In October 2017, Leyou announced a $10 million investment in Austin-based game developer Certain Affinity to develop original games, gaining a 20% minority stake in the company.
In May 2018, Leyou launched a video game publishing label known as Athlon Games based in California.
In September 2018, Leyou announced a partnership between Athlon Games and Middle-earth Enterprises to publish a multi-year online free to play game based on The Lord of the Rings fantasy work of J.R.R. Tolkien. In July 2019, Leyou and Amazon announced that they would collaborate on the project, with Amazon publishing the game worldwide and Leyou publishing the game in China and Taiwan.
In 2019, Athlon Games became the worldwide publisher of Samurai Shodown, with SNK developing the game and publishing the game in Asia.
In August 2019, Athlon Games became shareholder and publishing partner of LCG Entertainment, which acquired the assets of defunct studio Telltale Games.
In 2019, Leyou were reportedly seeking a buyer. iDreamSky and CVC Capital Partners offered to acquire Leyou, but the talks were stalled due to the COVID-19 Pandemic. iDreamSky were met with a competing offer from Zhejiang Century Huatong, who entered into a non-binding merger agreement with Leyou in May 2020. In July, Bloomberg News reported that both Sony and Tencent were also interested in bidding for Leyou. Leyou's majority shareholder Charles Yuk is expected to make the final decision about the buyout by the end of July 2020.