Tencent acquired Riot Games primarily to secure a foothold in the burgeoning Western gaming market and gain access to Riot’s massively popular IP, specifically League of Legends.
In 2011, Riot Games was acquired by Chinese conglomerate Tencent. Its publishing arm, Riot Forge, oversaw the production of League of Legends spin-offs by other developers until its shutdown in January 2024. The company worked with Fortiche to release Arc
Ahead of VALORANT Mobile’s launch in China, Riot Games and Tencent have announced plans to invest 1.5bn RMB (~$200m / £150m) over the next three years to grow its esports ecosystem.
Yes – nowadays, Tencent owns Riot Games, but their story together stretches beyond a simple statement. Riot Games was founded in 2006 by Brandon Beck and Marc Merrill, two visionary entrepreneurs with a shared passion for gaming and a commitment to
Tencent, now 27 years old, made a global splash with its 2011 bet on Los Angeles-based Riot Games for $400 million, less than two years after the initial release of League of Legends. That ...