Tencent Takes Full Management Of ‘League Of Legends’ Creator Riot Video games
Billion-greenback Chinese language Web agency Tencent purchased a majority stake in Riot Video games again in February 2011, and now it has closed out the deal by absolutely buying the video games agency behind hit title ‘League of Legends’.
That’s in accordance with a publish from Riot Video games — hat tip to Polygon for recognizing — which disclosed a change to its fairness and worker rewards construction after “our majority investor, Tencent, just lately bought the remaining fairness of Riot Video games.”
We contacted Tencent for additional particulars, however didn’t hear again.
Tencent is believed to have purchased its eighty five % majority stake for “greater than $350 million” in accordance with a Wall Road Journal report written on the time.
One of many few Chinese language corporations to be globally minded when it comes to its enterprise and acquisitions, Tencent’s different gaming offers embrace investments in Activision Blizzard, Korea’s four:33 Artistic Lab, Glu Cellular, and Epic Video games. Gaming is a core a part of the corporate’s income, by way of its massively widespread QQ desktop messaging service and WeChat, China’s hottest cellular chat app with over 500 million customers.