The video game unit of leading retailer Amazon Inc. (AMZN) announced having canceled an online video game based on the adventure series ‘Lords of the Rings’ which had been announced back in 2019.
This game was being developed by at Amazon Game Studios in collaboration with China-based Leyou Technologies Holdings. Leyus was purchased by leading Chinese tech company Tencent Holdings (0700HK) in December.
Citing a post from Bloomberg, insider sources revealed that it is a fall out between Amazon Game Studios and Leyou Technologies which resulted to cancellation of the game.
In a press statement the spokeswoman of Amazon said the acquisition of Leyou by Tencent is what brought the partnership to its termination. “Following Leyou’s recent acquisition by Tencent, we have been unable to secure terms to proceed with this title at this time“, said the Spokeswoman.
Amazon says the technical team which has been working on the game will be assigned other projects.