Tencent owns 48% of Epic Games

[Hunter]

Remember back in July when Tencent brought that 'minority' stake in Epic Games?

Well it turns out it's not so small. Tencent recently released their annual results for their year which ended at the which reveals the stake they own in Epic stands at 48.4%, a $330,000,000 investment in the company. It also shows that Tencent have the ability to nominate directors to the board.

Does this explain some recent departures?

 

[_Lynx]

From what I read they can nominate two directors of five. The other three are still nominated by Epic and they also have two observers on the board.

 

[QAPete]

I wouldn't doubt for a minute that some of the departures might have had something to do with the changing power structure at Epic Games. It would be unrealistic to think that everyone would be ok with it. At the same time, I'm sure each of them had other compelling reasons to leave as well.

 

[DarkSonny]

Then is 100% for sure no more unreal nor ut with those old people, i dont like to see intruders inside Epic that did not develope/live and played the Unreal series games....wow I see more darker their future

 

[Zur]

Hmm ... do the Chinese like the original UT ?

 

[IronMonkey]

Not THAT cheap but cheaper!

USD 330 million for 48.4%.

Remember when?

http://www.develop-online.net/news/29321/Rein-1bn-Were-not-that-cheap

 

[Raynor.Z]

Doesn't look too good and that really could be logical explanation for recent departures. Having control or say over Unreal Engine is something ..well, desirable for lots of companies.

 

[Leo(T.C.K.)]

Coincidentaly some IP adress from China has been downloading old unreal related stuff from our site yesterday. We wondered wtf is it about but now this news is in, perhaps it's someone from them?

 

[ambershee]

Or it could be one of the other 1.3 billion people in the population...

 

[Balton]

Or it could be one of the other 1.3 billion people in the population...

the mind of a maniac...

 

[Princess_Die]

All your shares are belong to us!

 

[moonflyer]

Hmm ... do the Chinese like the original UT ?

I can surely tell you yes we do, but most of us are 1980s

 

[moonflyer]

All your shares are belong to us!

But, we chinese UT/Unreal/UE fans/users don't like it too!
We love the way Epic is and hope they continue doing great gaming technology and shooter games.

http://forums.epicgames.com/threads/947042-Chinese-company-secures-48-of-Epic-shares

USD 330 million for 48.4%.

Remember when?

http://www.develop-online.net/news/29321/Rein-1bn-Were-not-that-cheap

Yeah, it is shocking to know Epic couldn't resist this time.

 

[M^uL]

Coincidentaly some IP adress from China has been downloading old unreal related stuff from our site yesterday. We wondered wtf is it about but now this news is in, perhaps it's someone from them?

Nope, just a cyber attack.

 

[M^uL]

But, we chinese UT/Unreal/UE fans/users don't like it too!
We love the way Epic is and hope they continue doing great gaming technology and shooter games.

Keep spreading the good word over there MF and keep making kicka$$ maps!

 

[Psychomorph]

Epic was sold out and the big names left to form their own companies. They made their monies, now they go do their thing.

Epic is epic history. Was a fun ride guys, bye and good luck.

 

[Arnox]

With all the key players leaving Epic, there won't be anything left for Tencent to use.

 

[moonflyer]

keep making kicka$$ maps!

Just maybe we should think about make a "UT-like" (not exactly but fast-paced shooter without huge vehicles) mod or something instead of "wasting" time on the game that Epic does not seem to care no more.

 

[dinwitty]

EPIC's next game has to make over a billion in profit. Gaming has equalled or bettered the motion picture industry. I would be concerned about someone taking control of the company and run it into the ground, like we've seen other developers go. EPIC needs to make their next kickass game. and no it can't be gears, Fortnight, etc, gotta be that newtech UE engine 4 game ready for the next tide of PC technology.

 

[QAPete]

USD 330 million for 48.4%.

Remember when?

http://www.develop-online.net/news/29321/Rein-1bn-Were-not-that-cheap

Excellent.