We’ve covered the exodus from Epic Games already (here, here and here) and I’ve always wondered if it is in relation to another company taking over Epic Games. We do know that the Chinese company, Tencent, bought a minority shareholding last June but what we didn’t know is that the word minority was very misleading.
According to the latest Tencent financial statements it currently owns a technically minor holding of 48.4% of Epic Games and has placed two of it’s members on the Epic board.
Epic have 3 directors on the board and two observers so they still control the company but with a 1.6% margin it’s quite obvious that Tencent can wield a lot of influence in the boardroom and as such has a huge say in the direction the company will move in.
So is this why all the big names have jumped ship? Were they feeling constrained by the Chinese pressure being placed on them?
Only time will tell I guess.
Last Updated: March 22, 2013