June 20, 2012 at 13:50 PM EDT
China's Tencent Takes Stake In U.S.-Based Epic Games
Chinese Internet powerhouse Tencent Holdings says it's acquiring a minority stake in U.S.-based Epic Games, as part of its continuing foray to expand into the overseas market for online games. Hong Kong-listed Tencent, which operates numerous instant messaging, gaming and social network platforms in China, previously acquired a controlling stake last year in U.S.-based Riot Games, which developed the "League of Legends" multiplayer online game.
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