riot

Chinese game company Tencent has finally purchased what little of League of Legends developer, Riot, they didn’t already own. Tencent has owned a large portion of the MOBA maker for a while now — ever since they bought a majority stake back in 2011.

Whether this purchase is going to result in big changes at Riot remains to be seen, but current thought is that the company has been doing very well as is and there won’t be too much intervention on the part of Tencent.

What will be changing is the way in which Riot staff are compensated. According to the post on the Riot Games’ site announcing the buyout, the purchase is actually part of a shift to a new structure for rewarding and recognizing Riot staff for what they do.

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. This program comes in addition to our highly competitive salaries, open PTO, learning and development programs, 401K match, subsidized medical plans, and kitchens stocked with snax (poro and otherwise) all full-time Rioters get.

We’re excited about the flexibility of this new approach to comp and believe it’ll help us continue to ensure Riot remains a great place to work.

the author

QuintLyn is a long-time lover of all things video game related will happily talk about them to anyone that will listen. She began writing about games for various hobby sites a little over ten years ago and has taken on various roles in the games community. For the past five years she's been a writer at Gamebreaker TV.

12 Readers Commented

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  1. GamingMaster on December 30, 2015

    Well I hate Riot, they are pathetic excuse for a company and the customer support has little respect for the consumer.

    I stopped playing LoL a looong time ago, and hell sure I won’t be playing it in the future.

  2. SlightlyMad on December 20, 2015

    is this game finally going real cash economy? is mmobomb already fighting for free to play players or they still just trying to help free to play companies in their sellings?

  3. tolshortte on December 17, 2015

    before anyone gives this company anymore money you may want to look into Sesame Credit. seriously disturbing and worrying stuff.

    it should be free to play though lol

  4. Merkadis on December 17, 2015

    Soon the world will be speaking Chinese.

    • Jafarson on December 17, 2015

      in your +18 anime dreams

      • Guy on December 18, 2015

        Anime is a style of Japanese animation; it’s not Chinese.

  5. Jafarson on December 17, 2015

    made in china….. lol
    Heroes of the storm!!!!!!!!!!!!! N1

    • Tencent on December 17, 2015

      You know tencent has shares in blizzard aswell ;^)

      • Jafarson on December 17, 2015

        maybe. 0.00000000001% of blizz + do u think i care?

        • Random Guy on December 17, 2015

          Well I believe he only said that as you mentioned Heroes of the Storm, something created by Blizzard, but hey why would you care about information related to what you said, right?

          • Jokout on December 18, 2015

            blizzard = owned by activision.

      • LAMBDA471 on December 18, 2015

        As soon as WoW died in 2010, I am willing to believe that anything or anyone is involved.

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