Sunday, February 6, 2011

Tencent buys Riot Games

Fist of Fury Another California-based company goes under, even if a Chinese owner apparently will retain independence in decision-making. This is Riot Games, which has emerged in the gaming landscape with League of Legends, a title inspired by Warcraft III mod Defense of the Ancients. The title, with a million active players, had already attracted the attention of Tencent, which was among the investors in the software house.

But the Chinese company, which deals with internet and connects through its "messenger" something like 600 million users, has decided to take a step further spending, at least according to VentureBeat, something like 400 million dollars to buy the majority of actions of Riot Games.

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