China's Tencent Holdings acquires minority stake in Epic Games
Tencent Holdings Limited (one of China's leading telecommunications providers) announced the planned acquisition of a minority stake in the US-based Epic Games (Gears of War, Infinity Blade, the Unreal Engine). The investment will have little to no effect on the day-to-day operation at Epic, which will continue to operate independently once the deal goes through in a month.
"We've developed a huge amount of respect for the Epic team for many years now, as dedicated players of Epic's games and as licensees of Epic's Unreal Engine technology," said David Wallerstein, Tencent's Senior Executive VP. "We have a lot that we can learn from each other, and we look forward to supporting the Epic team as they embark on their next phase of gaming innovation across both emerging and familiar platforms."
Epic's president, Dr. Michael Capps, chimed in on the deal, as well, stating that the investment "will empower Epic to help us do even more of what we do best, which is making great games and game technology. Their expertise in the global online gaming market is second-to-none, and the opportunity to work with them to bring richer experiences to players all over the world is irresistible," he said. "Epic is excited to be full steam ahead on all of its current plans for this generation of games and the next, with the support of a fantastic partner that believes in our strategy and shares our dream."
Source: Epic Games press release
A gamer at heart, Nick started writing when he was a child. He holds a BA in English, works as a freelancer, and loves every minute of it. One day, he hopes to net himself a career in game design - but that's something for the future.
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