Tencent's $330M Epic Games investment absorbed 40 percent of developer [Updated]
Summary
Were thrilled to have a world-leading partner in Tencent, who gives Epic unique access to the Chinese market as we head into the next chapter of our 21-year history as a leading independent developer." The deal, first announced last June, was discussed in a bit more detail this week (and spotted by reader Fan Zhang who tipped us off), in Tencents 2012 fourth quarter and annual results report. The report notes that the growing popularity of League of Legends helped strengthen their game portfolio in China and increased their revenue internationally. The Epic deal was announced in June, 2012 as a strategic investment by the Chinese company, but neither the percentage of stock purchased, or the amount it cost were known at the time. At the time Epic Games vice president Mark Rein told Polygon that Tencents business is "highly complementary to ours."
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