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Riot Games, Inc. is an American video game developer, publisher, and esports tournament organizer based in Los Angeles, California.It was founded in September 2006 by Brandon Beck and Marc Merrill to develop League of Legends and went on to develop several spin-off games and the unrelated first-person shooter game Valorant.
On 18 February 2011, Tencent acquired a majority of equity interest (92.78%) [47] in Riot Games, developer of League of Legends, for about US$230 million. Tencent had already held 22.34% of the equity interest out of a previous investment in 2008. On 16 December 2015, Riot Games sold its remaining equity to Tencent.
Tencent Games. Tencent Games (Chinese: 腾讯游戏; pinyin: Téngxùn Yóuxì) is the video game publishing subdivision of Tencent Interactive Entertainment, [2] the digital entertainment division of Tencent Holdings. [3] It has five internal studio groups, including TiMi Studio Group. Tencent Games was founded in 2003 to focus on online games.
The Los Angeles-based company, which is owned by Chinese tech giant Tencent, announced the news Monday, calling the decision to eliminate about 530 roles “critical for the future of Riot.”
Tencent's domestic games revenue for the quarter grew 5%, driven by titles such as the multi-player role-playing game "Lost Ark" and shooting game "Valorant", developed by Riot Games - both of ...
Notably, Tencent initially acquired an investment into Riot Games in 2008, which produced League of Legends, and by 2015 had fully acquired the studio. Tencent has also invested into Activision Blizzard, which, through Blizzard Entertainment, distribute StarCraft, World of Warcraft, Hearthstone, and Heroes of the Storm. [99]
Valorant is a free-to-play first-person tactical hero shooter developed and published by Riot Games. [3] The game's development started in 2014 and was teased under the codename Project A in October 2019. A closed beta period began with limited access on April 7, 2020, followed by a release on June 2, 2020.
Mode (s) Multiplayer. League of Legends: Wild Rift (abbreviated League: WR or simply Wild Rift) is a multiplayer online battle arena mobile game developed and published by Riot Games for Android and iOS. The free-to-play game is a modified version of the PC game League of Legends. As in League of Legends, players control a character ("champion ...