Riot Games Now Fully Owned by Tencent

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.