Tencent paid $330M for 40% of Epic Games

Last year, Epic Games sold a 40 percent ownership stake to China’s Tencent, according to an interview with Epic Games founder Tim Sweeney. That makes the deal one of the biggest investments in games last year, and it values Epic Games at $825 million.

Hands-on preview of Gears of War 3: an epic story with closure

Gears of War 3 from Epic Games will be one of the game industry’s early seasonal blockbusters when the third-person shooter game debuts on Microsoft’s Xbox 360 Sept. 20. It will set the tone for the console game industry’s all-important holiday selling season. I’ve had a good look at the first act of the single-player version of the game and am happy to report that it won’t be a disappointment. Up until now, Epic has kept the details of the single-player campaign secret.