Tencent has purchased 48.4 percent of Epic Games’ issued share capital, which equates to owning 40 percent of the total Epic Games capital. The Chinese internet company gained the ability to appoint two representatives to Epic Games’ board, and have done so accordingly. This deal happened after Tencent acquired Riot Games in 2011.
The deal was announced last June and happened in July, but has only been recently reported (after Tencent released their 2012 annual report). Several long-time Epic employees left a few months after the deal (including Cliff Bleszinski and Rod Fergusson), although their departures have not been connected to this business deal, as of yet.
Source: PC Gamer
I was five years old when I played my very first videogame: 'Super Mario All Stars + Super Mario World' (on the Super Nintendo.) Although, that was back in 1996, during the beginning of the Nintendo 64 timeline. Thus began my trend of always being one console behind. I owned a Nintendo 64 during the days of Xbox and PlayStation 2; and I owned a Game Boy Color during the prime of the Game Boy Advance. It was only until recently that I have started keeping up to date with the current console timeline. I bought an Xbox 360 during it's launch, and it is my gaming platform to this very day. Now hoping to someday own a PlayStation Vita, and a non-craptastic PC, I am also hoping to keep up with the gaming industry from this point forward. That is, until I become too old to care to keep up with technology. Or until I'm too old to remember my name, or something like that. You know, looking on the bright side of things.
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