So this is why people are leaving Epic Games

Tencent sunk $330 million into Epic Games, owns nearly half of studio

Tencent sunk $330 million into Epic Games, owns nearly half of studio

Back in June, Chinese company Tencent Holdings purchased a minority stake in Epic Games, but it turns out that stake is substantial. Tencent snatched up 48.4% of Epic Games shares last year – that comes to around $330 million invested – and even has the right to nominate individuals to Epic Games' board of directors.

"Since the Group has the right to nominate directors to the board of Epic Games, Epic Games is accounted for as an associate of the Group." This is all laid out in Tencent Holdings' 2012 financial report, available as a pdf document through the source link below. Epic Games was the second US gaming investment from the Chinese outfit following its acquisition of Riot Games in 2011.

Following Tencent's purchase of Epic shares, Epic Games announced it had founded a new studio in Baltimore, saving some Big Huge Games folks from the collapse of 38 Studios to work on Infinity Blade: Dungeons – only for Epic to eventually shutter the studio in February of this year.

 

http://www.joystiq.com/2013/03/21/tencent-sunk-330-million-into-epic-games-owns-nearly-half-of-s/

 

PS: I know all you haters thought I was going to say this game, didn't you?

 

Discussion Info


Last updated July 3, 2018 Views 0 Applies to:

Yep, China is buying up everything it can.  I'm not sure if the investment by Tencent is the direct cause of their departure, but obviously they didn't like the situation they were in.  

China already owns America and its moving into the gaming industry.

So are the chinese to blame for this horrible game?

yes

[quote user="MEGA MAN"]

China already owns America and its moving into the gaming industry.

[/quote]

 

Nobody owns America. This was just another lie, in a long line of lies told to the people who lived, live and will live here.

we do owe then a few "trillion", that is the main reason China is telling N Korea to stop it with the anti America crap. If we are gone China doesnt get paid, lol

Kinda helps explain why this new gears is an utter dissapointment  :P DAM YOU CHINA

I don't see what how a Chinese company could have any interest in a American video game developer though.

Especially Epic ^^

[quote user="xEnvoy of Chaos"]

I don't see what how a Chinese company could have any interest in a American video game developer though.

[/quote]

 

This is just bad journalism. The article is no different than the democrats talking crap about Romney's investments which happened to have interests in China.

 

If you are baller with a "portfolio" there are pretty good odds that you are investing on all 5 livable continents.

LMFAO!