Riot Games now 100% Owned by Tencent

https://www.youtube.com/watch?v=lHcTKWiZ8sI

Be afraid. Be very afraid.

Chinese overlords incoming. :D

The employees get mo' money, insurance, and most importantly a snack kitchen. #Worth.

I don't think this will mean anything. Tenecent already owned most of Riot anyway.

They've been majority owners for like 5 years already

My thought is that I don't give a shit.

This disappoints me. I'm not going to be playing this game anymore.

well, they owned it in early 2011 and this is just finishing it as they liked what happened with the majority stake....as to what i think... this would apply to any holding company that were to buy out another... although this is a chinese company, which means things like shadow banking, and government regulations that most americans dont comprehend are facts of life

more micro transactions... "sales" ... skins skins skins, and the same sort of structure you have been seeing emerge in the past few years, if its not too broken it wont be a high priority, maybe as well some expansion into other profitable areas, maybe mobile if they can figure out how... they risk stagnation if lol ever loses its dominance so they might as well buy out other games and start cross platforming them... think epic, and the unreal engine, all the recent acquisitions that i can think of have been mobile or developers though, and a lot of talk goes on about the millennial generation, aka mobile or online generation... and the ads that can be marketed to them for huge margins

more streaming, and prob more focus on "superstars" that can be marketed.... Douyu will prob take more prominence, they might force out Twitch or make a much better deal with them... ya... streamers, or esports or... whatever you want to call it, the games will be put online, they will have ads, and marketing money will roll in for "eyeballs"

its a 4 billion dollar company, the leader in its field, pay attention to whatever it does, as it will matter (to better understand, it destroys microsoft, who is in 2nd place.... microsoft... )

also understand, they are a chinese company with interests in china, and the usa while great money is not its primary revenue stream, china is the largest market by number of gamers, to put it in perspective, there are more gamers in china spending real money online, than there are people living in the usa

as to the brief article you linked to, im going to assume there was some sort of stock sharing in place that tencent has gotten rid of.... if you dont think that matters, then you prob dont own stock and its more than im going to get into right now, but its a huge nerf to employees

... idk

just a few thoughts

Ayy lmao.

So now they are technically complete sellouts. Mmm, technically correct, the best kind of correct.

Good luck bouncing the game back to life when it dies out haha.

I refuse to believe Tencent is bigger than Microsoft. that's absurd

Tencent is known for copying competing games and products, since China has zero copyright laws (they even copied the Game with "300 Heroes" but replacing many of the character models with pop culture icons like Shrek and Naruto). Their popular QQ service is a direct ripoff of the old ICQ instant messenger and they've been ripping off products since. They've also faced legal action when a competitor sued them for QQ Doctor being a copy of their anti-virus system called 360 Safeguard.

Tencent's been shady in the past, but that's China for you.