Chinese internet and mobile operator Tencent has acquired a minority stake in Unreal Engine maker Epic Games.
Epic has said it will continue to operate independently and continue to expand its game franchise across multiple platforms. Terms of the deal were not disclosed and it is expected to close within one month.
This is the same company that has made investments in Crytek and Riot and, as the article mentions, eventually full out buying Riot for $400m after using the same tactic of minority investor. Any bets on how long it will be before Mark Rein and Mike Capps send out their retirement announcements?
"Tencent has joined foces with majority owner, hip-hop mogul Fifty Cent, to form interactive media conglomerate '60 Cent Games'. Pricing for the group's titles is yet to be determined."
Riot(founded by mainly ex-Blizzard folks like how arena.net was formed and bought out by Asian company) was a start-up with not so much capital to begin with, where as Epic's been around and still 1 of the most successful independent studios. I don't see much similarity there or in Epic's future.
Asian companies buying American, one piece at a time.
Welcome to the genuine irony that is capitalism.
Reminds me of the 80's, when Japanese companies were buying up every struggling American entertainment company and the end of the American Way was at hand.
Reminds me of the 80's, when Japanese companies were buying up every struggling American entertainment company and the end of the American Way was at hand.
That thought had crossed my mind until you realize the Japanese wanted to be like us, not. Now if Tawain bought up all of our jobs and shit this would be a different story. It's a shame the brits had to give it back.
__________________
Quote:
Originally Posted by gzsfrk
Dude, you would have been, like, the coolest older brother ever.
Quote:
Originally Posted by rubbishfoo
EA executives should drive Star Destroyers. Its somehow fitting.
That thought had crossed my mind until you realize the Japanese wanted to be like us, not. Now if Tawain bought up all of our jobs and shit this would be a different story. It's a shame the brits had to give it back.
You're thinking of Hong Kong, and that's a pretty good example of how Chinese ownership doesn't change capitalism. They understand it better than a lot of western countries (Hi Greece!) which is why they've left HK alone.
Riot(founded by mainly ex-Blizzard folks like how arena.net was formed and bought out by Asian company) was a start-up with not so much capital to begin with, where as Epic's been around and still 1 of the most successful independent studios. I don't see much similarity there or in Epic's future.
BTW, Riot was doing plenty well before the investment; if they were "struggling" they wouldn't have warranted the $400m price tag. Besides, I'm not saying their failing at all, just that now Mark and Mike (and Tim) can take their big paychecks and never have to work again. As if that was a problem before, but now it's even LESS of a problem
Asian companies buying American, one piece at a time.
Welcome to the genuine irony that is capitalism.
Either you don't understand "irony" or you don't understand "capitalism", maybe both.
There's nothing ironic about being bought out, by anyone, under a capitalist system. If you mean "company from a communist country", that might make a little bit more sense. But, everyone knows that China isn't a pure communist system (anymore than we are a pure capitalist system), as proven by the very existence of private companies like this one.
America does not own the concept of capitalism and being bought-out is one of the best ways to make a profit, which is at the heart of capitalism.
Either you don't understand "irony" or you don't understand "capitalism", maybe both.
There's nothing ironic about being bought out, by anyone, under a capitalist system. If you mean "company from a communist country", that might make a little bit more sense. But, everyone knows that China isn't a pure communist system (anymore than we are a pure capitalist system), as proven by the very existence of private companies like this one.
America does not own the concept of capitalism and being bought-out is one of the best ways to make a profit, which is at the heart of capitalism.
lawl
10chars
__________________
Quote:
Originally Posted by gzsfrk
Dude, you would have been, like, the coolest older brother ever.
Quote:
Originally Posted by rubbishfoo
EA executives should drive Star Destroyers. Its somehow fitting.
