Is riot owned by Tencent?

Is riot owned by Tencent?

Riot Games is 100% owned by Chinese gaming giant Tencent. Experts have raised concerns about the level of influence Chinese firms may have on companies they invest in or acquire, even if they are foreign. Lin said that Tencent's role is as a publisher.

Why did riot sell to Tencent?

You'll notice that not only has Riot kept their flagship League of Legends going, but they have been rapidly adding new games to their roster. THAT is why they accepted Tencent's money. Tencent gave Riot money in order to make more money. Riot took Tencent's money in order to make more money.

Does Tencent own Valorant?

Sorry this was buried in the comments, but a Valorant dev (/u/riotaredherring) actually confirmed that Tencent doesn't actually own anything about Valorant/Vanguard: Question: Ultimately, who owns the product that you're developping.

Who owns riot?

Tencent Riot Games/Organisations mères

When did riot sell to Tencent?

Register now for FREE unlimited access to Reuters.com Tencent also bought a majority stake in Riot Games in 2011 and acquired the rest of the company in 2015. Riot Games is the developer of "League of Legends," one of the world's most popular desktop-based games.

Who owns Tencent?

Tencent has also acquired several game developers over the years. In 2015, it gained total ownership over Riot Games – developer of League of Legends. The company also has majority ownership of Funcom (100%), Leyou (100%), Sharkmob (100%), Supercell (84%), and Grinding Gear Games (80%).

Does Tencent own PUBG?

The PUBG game is an intellectual property owned and developed by PUBG Corporation, a South Korean gaming company. ... However, its mobile versions, full-fledged and light variants, are developed in partnership with China's Tencent Games, a sister company of Tencent Holdings.

Is Valorant Chinese game?

Valorant is the new first-person shooter (FPS) video game from Riot Games, the creators of League of Legends, Tales of Runeterra, and Teamfight Tactics. ... Coincidentally, Riot Games is also owned by Tencent, a Chinese corporation, well funded by the notoriously untrustworthy Chinese government.

Is Tencent a bad company?

Commercially speaking, Tencent is not doing anything bad, in fact, it's a highly successful and effective company. However, in China, just being big and successful doesn't mean you will get respect or trust.

What did Tencent do?

Tencent is the world's largest video game vendor, as well as one of the most financially valuable companies. It is among the largest social media, venture capital, and investment corporations....Tencent.

Tencent Seafront Towers in Shenzhen
Number of employees	85,858 (2020)

21 autres lignes

Is riot owned by China?

• League of Legends' Riot Games now completely owned by China's Tencent. Californian company Riot Games, best known for its billion-dollar franchise League of Legends, is now 100 percent owned by Chinese company Tencent.

How much does Tencent own?

• Of the three major record labels, Tencent has a much more significant stake in the highest earning of the big labels. Tencent Holdings owns a huge 10% of Universal Music Group, a stake worth $3.36 billion at the time of the deal earlier this year.

Who does Tencent own?

• Tencent, which is already the world's largest games company in revenue terms, owns "League of Legends" developer Riot Games, an 84% stake in Supercell ("Clash of Clans"), 80% of New Zealand's...

What games have riot made?

• Riot Games is known for their one and only video game, League of Legends. They have not made any leaps and bounds into creating other video games, yet. Although with the multitude of bugs and issues with League of Legends it appears they've already got their hands full anyway.