Epic Games sells minority interest to Tencent
Epic Games, creator of the ubiquitous Unreal Engine, along with major franchises Gears of War for consoles and Infinity Blade for mobile, announced this morning a minority stake sale to China’s Tencent Holdings.
The terms of the deal were not disclosed, but you can be assured it was for a ton of cash (technically speaking). Epic will continue to “operate independently and seek to further expand its game franchises across multiple platforms.”
Tencent has slowly made strategic purchases in the States, its highest profile acquisition being Riot Games last year, developers of cash-raining League of Legends.
The relationship between Epic and a Chinese company will also make it easier for the former to grow in China, a region it has been very interested of expanding into, with some politically laughable results.Continue reading Epic Games sells minority interest to TencentEpic Games sells minority interest to Tencent originally appeared on Joystiq on Tue, 19 Jun 2012 08:37:00 EST. Please see our terms for use of feeds.
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