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Epic Pairs with Tencent

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Epic Games has sold a minority stake of its business to Tencent Holdings, a Chinese internet company. The official terms of the deal have not been disclosed. Epic has been seeking investors to buy a minority stake for several years. Even with the minority interest going to Tencent, Epic will remain as a separate entity and continue to develop games for numerous platforms.

Tencent has been quite active within the video game industry over the past few years. The company has a huge online gaming customer base throughout Asia and has expanded into the Americas last year by paying $400 million to acquire a majority stake in Riot Games, developers of League of Legends. According Epic CEO Tim Sweeney, Tencent is a perfect counterpart for Epic, saying “Basically, wherever Epic is not, Tencent is…in a big way.”

Tencent’s global reach is something that Epic hopes to capitalize on. Epic President Michael Capps hopes to use Tencent’s online gaming expertise to further both companies, saying:

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.

“Via [LA Times]“

Lucas has evolved in his video game preferences. With a foundation in predominantly sports game, action adventure games are now his favorite to play. He is a competitive swimmer and likes to play volleyball, basketball, and golf.