League of Legends Developer Acquired by Tencent Holdings

Posted Mon, Feb 07, 2011 by Martuk

Tencent Holdings, a Chinese operated Internet company, has acquired a majority stake in League of Legends developer Riot Games. In a recent interview with Gamasutra, Riot Games CEO Brandon Beck explained the move and what will come next for Riot Games. Luckily, for the employees of Riot Games, it doesn't appear that anything will be changing. Beck notes that there are no planned leadership changes or redundancies and that Riot Games will continue to operate independently in what he clearly stated was an acquisition by Tencent Holdings.

Riot is going to remain completely independent. There are no redundancies, no layoffs, no synergy fishing, no leadership change," Beck said. In fact, Riot Games is remaining its own publisher in North America and Europe. "Nothing is going to change other than they're dramatically increasing their holding in the company.

A report from AllThingsD states that Tencent Holdings will pay around $400 million in the deal. The report also notes that Tencent Holdings has already invested upwards of $18 million in Riot Games. The centerpiece of interest in the deal is Riot Games's key asset, League of Legends.

Riot Games website


This week in the news Defiance chat finally gets some love, Pantheon hits Kickstarter at full speed, and Dan Stahl exits the STO team.

Sat, Jan 18, 2014

League of Legends update improves new player experience and former World of Warcraft Lead Systems Designer Greg "Ghostcrawler" Street joins the Riot team.

Wed, Jan 15, 2014

The 2014 League of Legends Championship is just around the corner and contracted eSpots athletes found a little something extra in their contract stocking.

Thu, Dec 05, 2013

HBO’s Real Sports with Bryant Gumbel pays a visit to the League of Legends World Championships for Tuesday’s show.

Video, News
Tue, Oct 22, 2013

News from around the 'Net