Tencent purchases the remainder of Riot Games’ shares, now owns 100 percent of League of Legends

tencent wholly owns riot games league of legends
Tencent has purchased the remaining 15 percent of Riot Games — creator of hit online multiplayer game League of Legends — making it a wholly-owned subsidiary of the Chinese Internet giant.

“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,” said Riot in an blog post. “As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games.”

In 2011, Tencent purchased an 85-percent stake in Riot for $350 million, banking on the future success of the MOBA. In the four years that followed, League of Legends became the most popular online game in the world, with 27 million daily active players last year and 67 million active monthly players.

The two studios have remained largely independent, though Tencent controls the League of Legends client in China and the region’s e-sports scene. Rumors said that Riot is in talks to take over control of the Chinese e-sports scene next year, though that might be harder now that Tencent has full control.

We doubt Tencent will change its approach to running Riot, since it has been doing a pretty good job on its own. It was recently named by Fortune as one of the best places to work, and League of Legends is popular in developing countries like Brazil and Turkey, as well as developed countries like Japan, which will be getting its own regional server soon.

Riot doesn’t release statistics on regional activity, so we don’t know if older regions like South Korea, Europe, or China are dwindling in active users. We have seen multiple million dollar club sales in the past six months, alongside million dollar player contracts in China, which suggests the League of Legends player-base in those regions is still growing.

It is not an odd investment for Tencent, given that the Chinese Internet giant has stakes in Activision Blizzard and Epic Games as well. Mobile game integration, which is also a big part of WeChat’s success, is used by over 600 million people worldwide.

Product Review

Hue who? Nanoleaf Canvas brings a riot of color and vibrancy to the smart home

Fun and festive, Nanoleaf Canvas feature lighting adds personality and vibrancy to any room. Nanoleaf Canvas features squares that you can connect in any configuration you’d like. Sync to music, play games, or relax in soothing light.
Product Review

The Black Shark gaming phone takes a big bite out of your free time, but the software sinks it

The world is being treated to an ever-increasing number of high-powered gaming phones. With so many great options already out, is there room for another? The Black Shark thinks so. But is it any good? We find out.
Gaming

The hottest Nintendo Switch games you can get right now

The Nintendo Switch's lineup started off small, but games have steadily released as the console continues through its second year. Here are the best Nintendo Switch games available now, from Super Mario Odyssey to Fortnite.
Gaming

Relive Nintendo’s handheld golden age with the 25 best Game Boy Advance games

The Game Boy Advance was the swan song of the Game Boy era. It also happened to have a boatload of amazing games. We decided to countdown our 25 favorite GBA games. Check it out and let us know your favorites in the comments below!
Gaming

Here's where Xur is and what he has for wares this week in 'Destiny 2: Forsaken'

The weekly vendor in Destiny 2: Forsaken always brings Exotic weapons and armor, some of the toughest loot to find in the game. Here's everything you need to know to track down Xur: Where he is, when he shows up, and what he's stocking.
Gaming

‘Fortnite’ removes the Infinity Blade weapon after player backlash

Following player backlash over the Infinity Blade weapon's inclusion in Fortnite's battle royale mode, Epic Games decided to remove the weapon from the game completely. It was not limited to a special mode.
Gaming

Want every suit in 'Marvel's Spider-Man' for PS4? Here's how to get them all

Marvel's Spider-Man features a whopping 33 different suits for Peter Parker to wear as he swings across New York City knocking out baddies. Here are all the suits and how to unlock them.
Gaming

Everything about 'Red Dead Online', including its new microtransaction store

Red Dead Online will gradually rolled out to Red Dead Redemption 2 players via a beta. We've got all the details about the beta's suite of competitive and cooperative modes, as well as what to expect going forward.
Computing

HDR monitors are beginning to have an impact. Here are the best you can buy

HDR isn't the most common of PC monitor features and is often charged at a premium, but the list of available options is growing. These are the best HDR monitors you can buy right now.
Virtual Reality

Oculus Rift vs. HTC Vive: Prices drop, but our favorite stays the same

The Oculus Rift and HTC Vive are the two big names in the virtual reality arena, but most people can only afford one. Our comparison tells you which is best when you pit the Oculus Rift vs. HTC Vive.
Gaming

Xbox One X vs. PS4 Pro: Which console is more powerful?

Far from cooling down, the console wars are only getting more intense. We compare Microsoft's Xbox One X to Sony's PlayStation 4 Pro to help you decide which premium console is right for you.
Gaming

Find the perfect weapon in 'Call of Duty: Black Ops 4' multiplayer with our guide

Call of Duty: Black Ops 4 has several different guns to choose from in its multiplayer mode, and they're split across multiple classes. Here's a guide to all of them and when you should use them.
Gaming

New ‘Stardew Valley’ content on the way, as game’s maker freezes next project

Stardew Valley creator Eric Barone said that he will continue working on new content for the indie farming simulator. The developer previously said that he will devote all his time to his next game, but that has been placed on hold for now.
Gaming

Underwater survival game ‘Subnautica’ free on Epic Games’ online store

The award-winning underwater survival game Subnautica is currently available as a free download on the Epic Games store. The Steam challenger looks to attract players with a new free game every two weeks.