Tencent paid out $330 million for a 40 percent stake in Epic Games. The maker of the Unreal Engine added two representatives from the Chinese internet company where the investment was announced in June 2012.
“In June 2012, Tencent made a minority investment in Epic Games, purchasing approximately 48.4 percent of outstanding shares of Epic stock, equating to 40 percent of total Epic capital inclusive of both stock and employee stock options,” said Epic founder Tim Sweeney. “As part of the investment, two Tencent representatives joined Epic’s board of directors, in addition to the three directors and two observers appointed by Epic. We’re 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.”
Source: Polygon
