Alan Wake and Control developer Remedy has entered into a €15 million ($16.7 million) convertible loan agreement with Tencent.
Remedy said the loan will carry an 8 percent annual non-cash interest rate and has a fixed conversion rate of €27.2 per share.
Studio CEO Tero Virtala said the move will strengthen Remedy's position in the value chain and give the company more control over how its projects are commercialized.
"As we move towards self-publishing, this financing will support us in developing and fully realizing the potential of the games we have in development and successfully carrying out the commercial activities of our next self-published games," he added in a press release