Tencent is a minority investor in Cary-based Epic Games, the publiser of globally popular Fortnite. Tencent acquired a 40% stake in Epic for more than $300 million in 2013. Founder and CEO Tim Sweeney maintains a majority ownership of privately held Epic, according to the comapny.

Does Tencent control Epic Games?

Tencent, one of the largest game developers and publishers in the world with stakes in countless companies, acquired a 40% stake in Epic back in 2012. Epic CEO Tim Sweeney maintains control of the company.

What is owned by Tencent?

Tencent owns a 40% stake in Epic Games, the maker of popular video game Fortnite. Tencent also bought a majority stake in Riot Games in 2011 and acquired the rest of the company in 2015. Riot Games is the developer of “League of Legends,” one of the world's most popular desktop-based games.