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Posts tagged acquistion

Riot Games confirms Tencent majority buyout

Riot Games has confirmed that a majority of the company was bought by China's Tencent, putting its stamp of approval on rumors of the deal last week. Brandon Beck, Riot's CEO, is quoted as saying that "Tencent's investment will provide our talented team of designers, developers and community staff...

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Reports: Chinese online giant Tencent acquires majority stake in Riot Games

China's biggest Internet company, Tencent, has reportedly acquired a majority stake in Los Angeles-based Riot Games for the sum of $350 million. Tencent has already acquired a number of other Western properties, including Crytek's free-to-play FPS and Take-Two's NBA 2K Online, and also runs the QQ...

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GameFly purchases Shacknews

Online game rental service GameFly has purchased Shacknews and its related websites, including FileShack. Shacknews announced GameFly plans to maintain the sites and even bolster with "additional resources." With an understanding that recent takeovers of beloved editorial institutions haven't gone...

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