Riot Games, developer of League of Legends, has been outright purchased by Tencent games.
Announced in a post on Riot Games' official site, the developer confirmed that its majority investor, Tencent Holdings Limited, has purchased the remaining equity of Riot Games – meaning the company is now in full control of Riot Games.
"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. As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games. 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."
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Announced in a post on Riot Games' official site, the developer confirmed that its majority investor, Tencent Holdings Limited, has purchased the remaining equity of Riot Games – meaning the company is now in full control of Riot Games.
"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. As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games. 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."
Continue reading…
Continue reading...