Chinese company Tencent purchases League of Legends developer Riot Games

One of the biggest MOBA games in the world has been purchased by one of the largest companies in China.

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League of Legends is among the giants of the gaming world, standing as one of the major pillars of the MOBA genre. And it is now under majority control of one of the biggest companies in China. Earlier this week, Chinese company Tencent purchased Riot Games outright, completing a process that began in 2011 when the company picked up a majority stake in the developer.

"As a result of our continued growth and changing circumstances, we're shifting to a new structure to recognize and reward Rioters' contributions - and that first involves a big change to our existing equity program," explains the Riot website. (via The Verge) "As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games."

Tencent currently owns stakes in Epic Games, Glu Mobile, and Activision/Blizzard, among other Western gaming developers.

Senior Editor

Ozzie has been playing video games since picking up his first NES controller at age 5. He has been into games ever since, only briefly stepping away during his college years. But he was pulled back in after spending years in QA circles for both THQ and Activision, mostly spending time helping to push forward the Guitar Hero series at its peak. Ozzie has become a big fan of platformers, puzzle games, shooters, and RPGs, just to name a few genres, but he’s also a huge sucker for anything with a good, compelling narrative behind it. Because what are video games if you can't enjoy a good story with a fresh Cherry Coke?

From The Chatty
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    December 17, 2015 9:58 AM

    Ozzie Mejia posted a new article, Chinese company Tencent purchases League of Legends developer Riot Games

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      December 17, 2015 10:00 AM

      whoa /keanu

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      December 17, 2015 10:18 AM

      In before 10 cents joke

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      December 17, 2015 10:24 AM

      And now.... the death spiral.

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        December 17, 2015 10:30 AM

        RPS said it was only the remaining 7.22% of shares that were sold, so they owned a huge majority before this anyways.

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          December 17, 2015 10:32 AM

          yeah, so technically, they already owned Riot Games. just now no one else does

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            December 17, 2015 10:33 AM

            Ozzie I recommend changing the headline to, "completes purchase of"

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        December 17, 2015 11:07 AM

        Eh, they own Epic too and they don't seem to have gone to shit.

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      December 17, 2015 10:26 AM

      Before, they apparently didn't have much involvement in the operations, now I'm curious if they will.

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        December 17, 2015 10:51 AM

        Of course they will. Every company on earth does that.

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      December 17, 2015 10:30 AM

      Intriguing.

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      December 17, 2015 10:59 AM

      completing a process that began in 2011 when the company picked up a majority stake in the developer.

      Sounds like roughly business as usual

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      December 17, 2015 11:04 AM

      They owned most of them already, makes sense they would snatch up what was left. Will be interesting to see what effect if any this has on the game going forward.