Don't Nod Risks Running Out of Cash by November 2026 as Tencent Rejects New Funding
Updated
Updated · GamesIndustry.biz · Jun 16
Don't Nod Risks Running Out of Cash by November 2026 as Tencent Rejects New Funding
3 articles · Updated · GamesIndustry.biz · Jun 16
Summary
€8.8 million in cash as of April 13 may carry Don't Nod only until November 2026, its auditor warned, putting the French game developer under pressure to secure fresh financing quickly.
Tencent, which held 41.9% of Don't Nod's stock at end-2025, declined a requested short-term capital increase and also does not want to fund projects through co-production agreements.
Oskar Guilbert has spent several months seeking money from major games-industry players, but those talks have not produced financing, and a hoped-for response from a major partner had been due by end-May.
The warning lands after 2025 redundancies and a restructuring around RPG, narrative adventure and action-adventure games, as Chinese investors including NetEase have pulled back from overseas studio funding.