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June 19, 2012 07:53 pm GMT
Chinese social networking giant Tencent took a minority stake in Epic Games, the maker of the very high-end Unreal gaming engine and smash hit mobile game Infinity Blade. It's yet another toe in Western waters for the Shenzhen-based company, which boasts more than 700 million users on its platform in mainland China. Last year, Tencent acquired Los Angeles' Riot Games. Tencent didn't disclose how much it paid for the stake in Epic. We had heard from multiple sources that they were competing with Warner Brothers over the deal. Tencent says that Epic will continue to operate independently and the deal should close in about one month.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zDFt7awSUec/
Tencent Acquires Minority Stake In Epic Games, Maker of Infinity Blade, Unreal Engine
Chinese social networking giant Tencent took a minority stake in Epic Games, the maker of the very high-end Unreal gaming engine and smash hit mobile game Infinity Blade. It's yet another toe in Western waters for the Shenzhen-based company, which boasts more than 700 million users on its platform in mainland China. Last year, Tencent acquired Los Angeles' Riot Games. Tencent didn't disclose how much it paid for the stake in Epic. We had heard from multiple sources that they were competing with Warner Brothers over the deal. Tencent says that Epic will continue to operate independently and the deal should close in about one month. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zDFt7awSUec/
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