Tencent has acquired a minority stake in Epic Games. The stock acquisition by the Chinese internet and mobile operator should not affect the day to day operations of the developer and middleware maker.
“We’ve developed a huge amount of respect for the Epic team for many years now, as dedicated players of Epic’s games and as licensees of Epic’s Unreal Engine technology. Epic’s deep commitment to quality across all of its games and technologies inspires us. They’ve been raising expectations in gaming for two decades now and they’re just getting started,” said David Wallerstein, SVP of Tencent. “We have a lot that we can learn from each other, and we look forward to supporting the Epic team as they embark on their next phase of gaming innovation across both emerging and familiar platforms.”
“Tencent’s investment will empower Epic to help us do even more of what we do best, which is making great games and game technology,” added Mike Capps, president of Epic. “Their expertise in the global online gaming market is second-to-none, and the opportunity to work with them to bring richer experiences to players all over the world is irresistible.”
