More Reviews
REVIEWS Resident Evil: Revelations Review
While 3DS gamers have been enjoying the franchise's best game in years for some time now, does the experience translate for Resident Evil fans on console?

Donkey Kong Country Returns 3D Review
Gamers have gone bananas for Nintendo's 3DS, but can this port of Retro Studios' 2010 Wii game make the jump to your portable?
More Previews
PREVIEWS The Last of Us Preview
With Naughty Dog releasing a new IP in just a few short weeks, we got hands-on one more time. But don't worry: This is a spoiler-free preview.
The Mighty Quest for Epic Loot Preview
Watch Dogs (PS4) Preview
Release Dates
NEW RELEASES GRiD 2
Release date: 05/28/13

Fuse
Release date: 05/28/13

Remember Me
Release date: 06/04/13

The Last of Us
Release date: 06/14/13



LATEST FEATURES Being A Console Is Actually Xbox One's Worst Asset
Microsoft's newest console has lots of different features, but video games might hold the device back from the software giant's true intentions.

Everything I Learned About Call of Duty: Ghosts Last Week
I wasn't allowed to talk about the new Infinity Ward game last week when I met with Activision, and I don't have much to say now that Xbox One spilled the beans.
 
Coming Soon

More Cheats
LATEST CHEATS
Abyss: The Wraiths of Eden
Action
05/24/13
More Cheats
MOST POPULAR CHEATS
Temple Run
Action / Adventure
04/08/13

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP Bras
On the future of some gamers
By Bras
Posted on 05/22/13
Before Microsoft and Sony do something regarding their future in the video game business, I wanted to write, and I've wanted it for a long time now, but other things kept getting in my way, and fearing that tomorrow might be too late, today will have to do.   Months ago,...

Home News Chinese Telecom Tencent Pays $330M For 40% Stake In Epic Games

GAMING NEWS

Chinese Telecom Tencent Pays $330M For 40% Stake In Epic Games

Posted on Friday, March 22 @ 12:00:00 Eastern by

In financial reports from the company, Epic Games has revealed that the (as reported) "minority" investment made last June in the company by Chinese telecom Tencent totaled $330 million for a grand 40% stake in the maker of the Unreal Engine.

When the deal was originally made, Tencent put two of its own on the Epic board of directors, but the amount of money exchanging hands remained indisclosed. Speaking with Polygon, Epic founder Tim Sweeney said that the company is "thrilled to have a world-leading partner in Tencent, who gives Epic unique access to the Chinese market as we head into the next chapter of our 21-year history as a leading independant developer."

40% ownership is quite the stake though! How independent do you stay when nearly half of your building is owned by a foreign company? After the deal close in June, Rod Fergusson left Epic in August for Irrational Games, Cliff Bleszinski in October, and Mike Capps in December. Seems pretty clear why now, doesn't it?

I'm just saying if I shared a house with a Chinese company and they were like "Dude, 40% of this house is mine," I'd probably leave and screw them over on the rent too.
Related Games:   Gears of War: Judgment
Tags:   Epic Games, unreal engine


More from the Game Revolution Network




Comments
  • Sourdeez
    Sourdeez
    Joined: Feb 2012
    Posted: Mar 22nd, 2013 at 1:10 pm
    Ni Hao
    0 2
  • sliverstorm
    sliverstorm
    Joined: Jun 2007
    Posted: Mar 22nd, 2013 at 1:14 pm
    This is pretty much the main way that businesses penetrate into the Chinese market. That said, it is more common for larger companies to create separate joint ventures with a Chinese partner rather than sell a stake in the main company outright.
    0 1
  • danielrbischoff
    danielrbischoff
    Joined: Nov 2009
    Posted: Mar 22nd, 2013 at 2:08 pm
    All that work on Unreal 3 will pay off when the average phone can run it at console speeds in a few years, but I just really don't want Epic to switch to primarily mobile/social as that's Tencent's bread and butter. I get it, just not where I'd steer the ship I guess.
    0 2
  • sliverstorm
    sliverstorm
    Joined: Jun 2007
    Posted: Mar 22nd, 2013 at 3:41 pm
    Cliffy B agrees with you : ).
    0 1
  • sliverstorm
    sliverstorm
    Joined: Jun 2007
    Posted: Mar 22nd, 2013 at 3:42 pm
    Also, in light of that comment, it makes me re-think Infinity Blade as almost a proof of concept for Tencent rather than an autonomous push into mobile.
    0 1
  • danielrbischoff
    danielrbischoff
    Joined: Nov 2009
    Posted: Mar 22nd, 2013 at 5:46 pm
    That could be true too. They were in talks with Tencent but the Chinese firm wanted to see what Epic could do since consoles don't sell in China...

    or they do but they're called the PX3 and Box X.
    0 0

Post a Comment
LOGIN or REGISTER to post a comment or rate this article.
More On GameRevolution
STAFF | CONTACT GR | ADVERTISING | GRADING SYSTEM | PRIVACY POLICY | TERMS OF USE | AdChoices
GameRevolution.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. ©2013 All Rights Reserved.
monitoring_string = "9825918b2b361fb0e003f4935ce18ae6"