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Posts tagged Tencent-Holdings

Epic job listing outs unannounced 'competitive online action game'

Epic Games is currently working on two projects: the tower defense action game, Fortnite, and another game yet to be unveiled. A job listing calling for a senior systems designer mentions "an unannounced competitive online action game that includes player progression, heavy itemization, and a...

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Tencent sunk $330 million into Epic Games, owns nearly half of studio

Back in June, Chinese company Tencent Holdings purchased a minority stake in Epic Games, but it turns out that stake is substantial. Tencent snatched up 48.4% of Epic Games shares last year – that comes to around $330 million invested – and even has the right to nominate individuals to...

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Take-Two, Tencent collaboration 'NBA 2K Online' launches Oct. 24 in China

NBA 2K Online, the free-to-play NBA simulation created for China by 2K in conjunction with Tencent Games, will launch on October 24. The game went into beta this past June and is the first major release in China for Take-Two, which announced plans for this initiative back in 2009. The release date...

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Report: Activision stock may rise 50 percent with Pandaria, CoD Online

Activision Blizzard may see its share price increase as much as 50 percent as it prepares to launch the Mists of Pandaria expansion for World of Warcraft and Call of Duty Online in China, financial newsweekly Barron's reports. Activision Blizzard is currently trading at $11.25, after reporting Q2...

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Epic's Mike Capps on opening the door to Tencent and its 'unparalleled expertise' in China

Epic Games announced yesterday it sold a minority interest in the company to China's Tencent Holdings. It was the first time in 21 years the Unreal Engine creator and Gears of War and Infinity Blade developer accepted outside investment. "We've always taken pride in being an independent developer...

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Epic Games sells minority interest to Tencent

Epic Games, creator of the ubiquitous Unreal Engine and major franchises like Gears of War and Infinity Blade, announced this morning a minority stake sale to China's Tencent Holdings. The terms of the deal were not disclosed, but you can be assured it was for a ton of cash (technically speaking)....

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