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Gears of War studio sells minority stake to Chinese Internet company

Epic Games inks deal with Tencent Holdings that will see U.S. shop remain independent; terms of the deal not announced.   Epic Games--developer of big-name franchises like Gears of War and Infinity Blade, as well as the ubiquitous Unreal Engine technology--announced this morning that it has sold a minority stake of its business to Chinese Internet company Tencent Holdings. Terms of the deal were not announced. Epic Games is now owned in part by Tencent. As part of the deal--expected to close this month--Epic will remain an independent entity, and...

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Published By: GameSpot - Tuesday, 19 June, 2012