Tencent had already held 2234% of the equity interest out of a previous investment in 2008 on 16 december 2015, riot games sold its remaining equity to tencent holdings tencent acquired a minority stake in epic games, developer of franchises like fortnite, unreal, gears of war and infinity blade, in june 2012. Tencent holdings epic games. Other investors in privately held epic include disney and china’s tencent holdings through sony’s investment in epic games, the companies will look for opportunities to collaborate in games.
tencent holdings epic games
Tencent is showing epic foresight tencent acquired a 48% stake in epic games (creator of the hugely popular fortnite) for just $330 million 2012 -- a move that looks prescient today epic is also. In exchange for tencent's help, tencent acquired approximately 48.4% of epic then issued share capital, equating to 40% of total epic – inclusive of both stock and employee stock options, for $330 million in june 2012. tencent holdings has the right to nominate directors to the board of epic games and thus counts as an associate of the group.. Epic games founder tim sweeney has fiercely denied allegations that the company is sending data to the chinese government through tencent holdings ltd..
