Tencent, a Chinese technology and entertainment conglomerate, has made significant investments in the gaming industry in recent years. One of its most notable investments is in Epic Games, the publisher of the globally popular game “Fortnite.” Tencent owns 40% of Cary, N.C.-based Epic Games, making it a major shareholder in the company.
However, Tencent’s ownership of Epic Games is just one part of its larger gaming portfolio. The company also has a 100% ownership stake in several othr gaming companies, including Funcom, LeYou, Riot Games (developer of League of Legends), Sharkmob, Sumo Group, Turtle Rock Studios, Wake Up Interactive, Inflexion, and 1C Entertainment shares. Additionally, Tencent owns a majority stake in Klei Entertainment (developer of Don’t Starve).
Tencent’s ownership of such a large portion of the gaming industry has raised concerns about its potential influence on the industry as a whole. In particular, some have raised concerns about the potential for Tencent to exert pressure on game developers to censor content that is deemed sensitive by the Chinese government.
Tencent’s ownership of Epic Games is just one aspect of its larger presence in the gaming industry. As the company continues to expand its gaming portfolio, it will be important for industry observers to keep a close eye on Tencent’s activities and potential impact on the industry as a whole.
Tencent’s Ownership of Riot
Riot Games, the American video game company behind the popular game League of Legends, is currently 100% oned by Tencent Holdings Limited. Tencent, a Chinese multinational conglomerate, acquired a majority stake in Riot Games back in 2011 and gradually increased its ownership until it eventually became the sole owner of the company in 2015. This means that Tencent has full control over Riot Games and all of its assets, including the intellectual property and all of the games and products that Riot creates. It is worth noting that Riot Games still operates as an independent subsidiary of Tencent, with its own management team and creative staff, but all major decisions and business strategies are ultimately approved by Tencent’s board of directors.
Does Tencent Own Epic?
Epic Games, the publisher of the popular game “Fortnite,” is partially owned by Tencent. Tencent, a Chinese multinational conglomerate, owns a 40% stake in Epic Games, which is based in Cary, North Carolina. This means that Tencent has a significant influence on the operations and decisions made by Epic Games, but Epic Games is not fully owned by Tencent. It’s worth noting that Tencent also owns stakes in other gaming companies, such as Riot Games and Activision Blizzard.
Tencent’s Ownership of Activision
Tencent, a Chinese multinational conglomerate, owned 5% of Activision Blizzard as a minority investor since 2013. The shares were acquired when the holding company bought itself from the Vivendi conglomerate, which had been part of it since 2008. However, in 2022, Microsoft acquired Activision Blizzard, including the minority shares that Tencent owned for almost a decade. It is important to note that Tencent’s ownership stake in Activision Blizzard was a relatively small portion of the company, with the majority of shares held by other investors.
What Companies Does Tencent Own?
Tencent, a Chinese multinational conglomerate, has a significant presence in the gaming industry and owns various companies. Here is a list of the companies that Tencent owns outide of China:
– Funcom: Tencent owns 100% of Funcom, a Norwegian video game developer known for games such as Conan Exiles and Age of Conan.
– LeYou: Tencent also owns 100% of Leyou, a Hong Kong-based gaming company that owns several game development studios, including Digital Extremes (Warframe) and Splash Damage (Gears Tactics).
– Riot Games: Tencent owns 100% of Riot Games, the developer of the hugely popular multiplayer online battle arena (MOBA) game, League of Legends.
– Sharkmob: Tencent acquired 100% of Sharkmob, a Swedish game development studio that specializes in multiplayer games.
– Sumo Group: Tencent owns 100% of Sumo Group, a British video game developer that has worked on games such as Sackboy: A Big Adventure and Crackdown 3.
– Turtle Rock Studios: Tencent acquired 100% of Turtle Rock Studios, an American game developer known for games such as Left 4 Dead and Evolve.
– Wake Up Interactive: Tencent owns 100% of Wake Up Interactive, a Chinese game development studio that has worked on games such as Invictus: Lost Soul and Infinity Kingdom.
– Inflexion: Tencent also owns 100% of Inflexion, a South Korean game developer that has worked on games such as Epic Seven and Destiny Child.
– 1C Entertainment: Tencent owns 100% of 1C Entertainment shares, a Russian video game publisher and developer that has worked on games such as King’s Bounty and Men of War.
– Klei Entertainment: Tencent owns a majority share of Klei Entertainment, a Canadian game developer known for games such as Don’t Starve and Mark of the Ninja.
It’s worth noting that Tencent also has stakes in various other gaming companies, such as Epic Games (Fortnite), Activision Blizzard (Call of Duty, World of Warcraft), and Ubisoft (Assassin’s Creed, Far Cry).
Conclusion
Tencent has become a dominant force in the entertainment and gaming industry, owning a significant stake in seveal popular game developers and publishers. With its investments in companies such as Riot Games and Epic Games, Tencent has solidified its position as a major player in the gaming market. Its recent acquisition of 100% ownership of Funcom, LeYou, Sharkmob, Sumo Group, Turtle Rock Studios, Wake Up Interactive, Inflexion, and 1C Entertainment shares further reinforces its dominance in the industry. As Tencent continues to expand its portfolio and influence in the gaming world, it will be interesting to see how it shapes the future of the industry.
