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Home»eSports»League of Legends Dev Riot Games Bought Out

League of Legends Dev Riot Games Bought Out

The creator and developer of League of Legends (LoL),ย Riot Games,ย has been fully bought out by its main investor, Tencent. This comes years after the Chinese…

David PietrangeloBy David PietrangeloDecember 17, 20152 Mins Read
This article is over 9 years old and may contain outdated information.

The creator and developer of League of Legends (LoL),ย Riot Games,ย has been fully bought out by its main investor, Tencent. This comes years after the Chinese company purchased a majority stake in Riot back in 2011.

At the time, the Wall Street Journal was reporting that Tencent bought up 85% of the shares in Riot Games for over $350-million. The day has come for the investors to take full control and buy up the rest of the shares in Riot.

“Our majority investor, Tencent, recently purchased the remaining equity of Riot Games,” the studio said in a website post. “This allows us to move away from a Riot equity program towards a cash-based incentive program that allows Rioters to share in Riot’s success.”

Depending on how you read it, that may or may not seem like a big boost in confidence. With the massive success that League of Legendsย has achieved, I’m sure there won’t be too much to worry about, but hopefully, those working at Riot are also not affected and can continue to work and create a great game.

Riot Games
Riot Games’ League of Legends Roster

Tencent may not be a household name in the Western world, but they are a big presenceย in gaming. They have purchased sharesย from many other big name developers like Epic Games and Blizzard.

This company-wide change is happening after Riot Games announced two months ago that it will be steering LoLย further in the direction of the eSports genre. While already a very popular game in that space, changes to the preseason, matchmaking improvements, new items, and advanced customization hope to breathe some more life into the MOBA.

Do you think the Riot Games buyout will have a significant impact? Sound off in the comments and let us know.

Related Topics
LeagueOfLegends RiotGames
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David Pietrangelo
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David is a lover of all things nerdy & geeky! (Nerd IS the new cool after all!) From the wee age of 6 he made his way to a Canadian Tire, purchased a SNES for $200 in in-store credit money (Canadian Tire money for Canadians out there), and hasn't looked back! He loves the classics like Donkey Kong, Mario, and Roller Coaster Tycoon, but is deep into the new age of gaming with Heroes of the Storm, Apex Legends, and indies like Thomas Was Alone, and Mark of the Ninja.

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