China's Tencent Acquires Minority Stake in U.S.'s Epic Games
20 Juin 2012 - 2:35AM
Dow Jones News
SHANGHAI--Tencent Holdings Ltd. (0700.HK), one of China's
largest Web companies, said it has agreed to acquire a minority
stake in U.S.-based Epic Games Inc., a developer of 3D game-engine
technology.
In a statement to the Hong Kong stock exchange late Tuesday,
Tencent said the deal is expected to close within one month.
However, financial terms of the investment weren't disclosed.
Epic's products and services include the Unreal Engine, the
market-leading 3D game engine technology used by many game
development studios globally; the billion-dollar "Gears of War"
franchise for Xbox 360, the multimillion-selling "Unreal" and
"Unreal Tournament" games for PC and consoles and "Infinity Blade,"
one of the top-grossing game series for iOS.
Write to Rose Yu at rose.yu@dowjones.com
Tencent (PK) (USOTC:TCTZF)
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