Trending Games | World of Warcraft | Overwatch | Guild Wars 2 | Bless

    Facebook Twitter YouTube Twitch.tv YouTube.Gaming Discord
Register
Quick Game Jump
Members:3,800,046 Users Online:0
Games:982 
Riot Games | Official Site
MOBA | Setting:Fantasy | Status:Final  (rel 10/27/09)  | Pub:Riot Games
PVP:Yes | Distribution:Download | Retail Price:n/a | Pay Type:Free | Monthly Fee:n/a
System Req: PC Mac | Out of date info? Let us know!

Riot Games Now Fully Owned by Tencent

Posted by Suzie Ford on Dec 17, 2015  | Comments

Riot Games Now Fully Owned by Tencent - League of Legends - MMORPG.com

Riot Games, developer of League of Legends, has announced that Tencent has purchased the remaining equity in the company making it now fully-owned by the Chinese investment holding firm. Riot said that the deal was made in order to provide employees with a cash-based incentive program to make the company more competitive in terms of benefit packages and more.

Riot’s approach to compensation has always been about aligning the incentives of the company with Rioters, and also about ensuring that we compensate our talented team of professionals well. 

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. As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games. This allows us to move away from a Riot equity program towards a cash based incentive program that allows Rioters to share in Riot's success.

What, if any, implications do you think will come of the purchase? Leave us your thoughts in the comments.

 

 advertisement 
Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom