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Tencent owns 48% of Epic Games

Discussion in 'News & Articles' started by Hunter, Mar 22, 2013.

  1. barballs

    barballs Packed with Unreal goodness

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    I'm so right there with you!
     
  2. DarkSonny

    DarkSonny Beware!

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    what?
     
  3. moonflyer

    moonflyer New Member

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    :D
    I am sure GD/LD can be found but where to find programmers who have time for free work.:rolleyes:
    So, just a thought.
     
  4. Lruce Bee

    Lruce Bee Transcending to another level

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    I had no idea such a large chunk of Epic Games was in the hands of another investor/owner.
    Everything that's been happening over there over the last 12 months or so starts to make sense now.
    Can't be easy making creative, or business decisions when someone else owns half the company, so I can't say I'm surprised to see some of the original guys jump ship.
    Damned shame though - Epic Games were my heroes for many years and the only reason I'm in this industry right now.
    How times have changed.
     
  5. Trailboss3

    Trailboss3 If it moves...Kill it!

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    This is sad :(
     
  6. raziel31

    raziel31 Active Member

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    You must be kidding :D That's the reason...

    +1

    We just don't know atm if it is a good or a bad thing, that's the point...but Epic is no more the Epic we used to know ...;)
     
  7. AKWolf

    AKWolf New Member

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    So who owns the bulk of Epic shares TS and MR ?
     
  8. [SAS]Solid Snake

    [SAS]Solid Snake New Member

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    Wow, it has been a while since I have posted here.

    I do feel that for a company to continue to exist and grow, new blood needs to be transfused into the company.

    While I have fond memories and nostalgia of the old times, I guess there is a fact of life now that things have moved on from there.
     
  9. Leo(T.C.K.)

    Leo(T.C.K.) Well-Known Member

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    It's never that simple. And this isn't new blood by having great artists came in, it's quite the opposite, it's blood letting.
     
  10. RoadKillGrill

    RoadKillGrill Got Lead?

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  11. WHIPperSNAPper

    WHIPperSNAPper New Member

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    I'm not convinced that it will make a difference either way nor that if it makes a difference, it will be bad. It isn't as though UT has been flourishing under the management of the old regime. The last version was UT3 which was a complete disaster and the company does not seem to have considered producing a UT sequel ever since. How much worse could the situation get?
     
  12. Spiney

    Spiney New Member

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    Iirc this is standard practice under Chinese trade laws. When a foreign corp wants full access to the internal market it needs to agree to a 49% shareholder stake by a domestic corp within a period of 3 years (or something among those lines).
     
  13. ambershee

    ambershee Nimbusfish Rawks

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    That's insane. Why would anyone do that?
     
  14. Kyllian

    Kyllian if (Driver == Bot.Pawn); bGTFO=True;

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    ~1 billion potential customers?
     
  15. JohnDoe641

    JohnDoe641 Killer Fools Pro Staff Member

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    You could say, it's... Unreal.

    [m]http://www.youtube.com/watch?v=7uW47jWLMiY[/m]
     
  16. ambershee

    ambershee Nimbusfish Rawks

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    It's way less than that in reality - signing over half your company in exchange for access to a market is somewhat foolhardy.
     
  17. Kyllian

    Kyllian if (Driver == Bot.Pawn); bGTFO=True;

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    49% is over half?

    And yes, I know the actual consumer base in China isn't going to be the full 1 billion(technically ~1.3 billion), but even if they can only reach a quarter of China's actual(1.3B) population, it's still more people than the population of the entire US
     

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