Tencent buys up the rest of Riot Games

    
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League of Legends developer Riot Games has a new owner this week. Well, really it’s the same ostensible owner as before, China’s Tencent Holdings, only now Tencent has gobbled up the last 7.22% of the company.

Riot announced the sale of its remaining equity in an oblique message on its website framed as a cash-based incentive program for Riot employees:

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. This program comes in addition to our highly competitive salaries, open PTO, learning and development programs, 401K match, subsidized medical plans, and kitchens stocked with snax (poro and otherwise) all full-time Rioters get.

Tencent’s major purchases of Riot came in 2008 and 2011. The company also has a small stake in Epic Games.

Source: Riot Games via Polygon
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Lhumierre
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Lhumierre

thegirlwiththehair Lhumierre DugFromTheEarth I say this because i don’t give two fucks what my credit score is and have survived as an adult without using it ever. I live in NYC where almost everything is possible if you have the right amount of Cash.

thegirlwiththehair
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thegirlwiththehair

I for one welcome our new sesame overlords.

oh look, I levelled up!

thegirlwiththehair
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thegirlwiththehair

Lhumierre DugFromTheEarth

you say that like you don’t already have a file at various govt agencies with your social connections already…

Midgetsnowman
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Midgetsnowman

Lhumierre DugFromTheEarth you say that like the us political parties wouldnt love it

Tongle
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Tongle

Better than a Korean company buying riot and turning it into a grindfest.

DugFromTheEarth
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DugFromTheEarth

Lhumierre DugFromTheEarth but but… its LoL… pretty soon, it will be the entire gaming world, and then all of the civilized world.

One world China nation, governed and controlled by a social network.

Like this comment, else you wont get your food stamps in 2020!

Lhumierre
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Lhumierre

Tencent also handles Smite in china and because of them almost all the chinese gods got reworked and all are actually in a nice spot buff wise.

Lhumierre
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Lhumierre

DugFromTheEarth This is like propaganda and won’t mean a damn thing in the US or any other nation in the world that isn’t China.

DugFromTheEarth
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DugFromTheEarth

And with this, their testing ground for the Sesame Credit system will finally be 100% active!

CthulhuDawg
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CthulhuDawg

Dope_Danny I disagree with your sentiment but I appreciate your imagery.