Tencent now owns Riot Games Major shareholder has now purchased remaining equity. Riot Games is now expanding and growing beyond its League of Legends game. Explore a career at Riot Senior Editor. So no, only Hytale and any future non-Minecraft games are owned by Riot. Tencent Holdings Ltd. (Chinese: 腾讯; pinyin: Téngxùn) is a Chinese multinational conglomerate holding company founded in 1998, whose subsidiaries specialise in various Internet-related services and products, entertainment, artificial intelligence and technology both in China and globally.
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Tencent owns 100% of Riot Games.

But it also owns Riot Games — which has the utterly massive League of Legends — in its entirety. After buying most of the studio behind League of Legends in 2011, Tencent now owns it outright. Wednesday 16th December 2015. Riot Games has grossed around $20 billion from League of Legends. Riot Games serves customers worldwide. Riot Games, the developer of League of Legends, has sold its remaining equity to Chinese online company Tencent Holdings. For one, Tencent owns a 40% stake in Epic Games, the makers of Fortnite. The company also owns part of Finnish mobile games maker Supercell and Indian ride-sharing app Ola. Tencent Holdings, the Chinese tech giant and parent company of Riot Games, was awarded $2.90 million (RMB19.4 million) in a lawsuit against Moonton Technology, according to … Rachel Weber. Tencent Owns Riot Games. Riot Forge We're a publisher working with talented and experienced third party developers to bring awesome new League of Legends games to players of all types. The Company offers action, adventure, casual, and multi-player games. Riot Games remains largely free to steer the game how it pleases, but that relationship has some ugly downsides. Last year, it had one …

The Hypixel Network (The server and this website) are owned by Hypixel Inc. Hytale is owned by Hypixel Studios, Riot Games is now the parent company of Hypixel Studios. The news comes from an … In 2011, Tencent acquired a huge stake in Riot Games—to the tune of around $230 million. Californian company Riot Games, best known for its billion-dollar franchise League of Legends, is now 100 percent owned by Chinese company Tencent. Riot Games, Inc. develops and publishes online games. Riot started working with Tencent in 2008, when the company announced that it would be working with Tencent to put League of Legends in the hands of Chinese players. Tencent has purchased the shares in Riot Games that it previously did not own, bringing the ownership up to 100%. The Riot games brand, founded in 2006 (United States), is part of our Top Popularity Web, has more than 62 sister brands and more than 2 768 competing brands.Riot games belongs to Tencent Holdings, which is listed on the Frankfurt stock exchange.
Four years later, Riot sold the rest of its shares to Tencent, and here we are today. Share this article. Tencent, which presides over companies like Riot Games, released its Q1 2020 earnings results, and it turns out that, despite the circumstances, the company is performing quite well. 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. Between Legends of Runeterra, Teamfight Tactics and Valorant, Riot Games has been throwing its weight around a lot lately. The Chinese gaming, messaging and Internet behemoth already has the license to operate Riot’s hit League of Legends in China and has generated a good portion of its gaming revenue from that game.

Since March 2017, Tencent has owned a five percent stake in Tesla, Inc. as well as a stake in social media app Snapchat, Epic Games, Activision Blizzard Games, and wholly owns Riot games.