Tencent buys up League of Legends developer Riot Games
by from Techreport on (#Y1HV)
Riot Games, the studio behind the wildly popular League of Legends MOBA, has been purchased by Chinese Internet services company Tencent. Tencent had already held a majority stake in Riot Games after a 2011 investment. Riot says the buyout will allow it to offer cash-based incentives to its employees rather than equity shares.
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