More Reviews
REVIEWS Firefall Review
Repetitive gameplay makes this fall a little boring.

The Walking Dead: Season Two Review
At this point, you’re not coming back for the zombies. Let’s get down to business.
More Previews
PREVIEWS Terra Battle Preview
Final Fantasy creator Hironobu Sakaguchi formed Mistwalker to create new role-playing games, but the studio's latest goes mobile with deep strategy mechanics.
Release Dates
NEW RELEASES Madden NFL 15
Release date: Out Now

Destiny
Release date: 09/09/14

FIFA 15
Release date: 09/23/14

Persona 4 Arena Ultimax
Release date: 09/30/14


LATEST FEATURES A Comprehensive Guide to Dealing with Controversy in the Video Game Industry
Need help wading through the latest misogyny/homophobia/racism/corruption debate in the gaming industry? Paul Tamburro’s here to help!

inFamous: First Light Battle Arena Hints, Strategies, Tips [Stream Over]
Watch as I build out our feature of useful tactics for players in Sucker Punch's wave-based and arcade-awesome arena mode.
MOST POPULAR FEATURES The Updating List of PAX Indies
We're heading to PAX Prime! Are you looking to check out a few unique indie games while you're there? UPDATED: Dragon Fin Soup, Dungeon of the Endless,

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP samsmith614 Since game design is a business, I decided to see what's really selling well for the PS4. I did this search a week ago, and at the time, out of the top 20 bestsellers on Amazon 10 had not even been released yet. By now some have been released. But others still have not. And yet others...

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When the deal was originally made, Tencent put two of its own on the Epic board of directors, but the amount of money exchanging hands remained indisclosed.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


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution