League of Legends is among the giants of the gaming world, standing as one of the major pillars of the MOBA genre. And it is now under majority control of one of the biggest companies in China. Earlier this week, Chinese company Tencent purchased Riot Games outright, completing a process that began in 2011 when the company picked up a majority stake in the developer.
"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," explains the Riot website. (via The Verge) "As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games."
Tencent currently owns stakes in Epic Games, Glu Mobile, and Activision/Blizzard, among other Western gaming developers.
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