Game Giant Tencent Buys Out Riot

QuintLyn Bowers
By QuintLyn Bowers, News Editor
Share:

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.

Share:
Got a news tip? Contact us directly here!


About the Author

QuintLyn Bowers
QuintLyn Bowers, News Editor
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.

Discussion (12)

GamingMaster 7 years ago
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.

SlightlyMad 7 years ago
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?

tolshortte 7 years ago
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

Merkadis 7 years ago
Soon the world will be speaking Chinese.

View 1 reply
Jafarson 7 years ago
made in china..... lol
Heroes of the storm!!!!!!!!!!!!! N1

View 1 reply

Read Next

Trove Introduces Rift-Inspired Chloromancer

Trove Introduces Rift-Inspired Chloromancer

Players of Trion’s blocky free-to-play game Trove have a new class to play around with.

By QuintLyn Bowers - 7 years ago

You May Enjoy

Evil Dead: The Game Lets You Slaughter Deadites In New 40 Player Battle Royale

Evil Dead: The Game Lets You Slaughter Deadites In New 40 Player Battle Royale

A groovy new game mode and Lucy Lawless make their way to Evil Dead: The Game.

By Troy Blackburn - 3 days ago
Go Figure, Someone’s Leaked The Final Phase Of FFXIV's The Omega Protocol Ultimate

Go Figure, Someone’s Leaked The Final Phase Of FFXIV's The Omega Protocol Ultimate

The World’s First Race just got a lot faster.

By QuintLyn Bowers - 1 week ago
Gaijin Entertainment Partners With Artstorm To Create PC Version Of Modern Warships

Gaijin Entertainment Partners With Artstorm To Create PC Version Of Modern Warships

This is the “first result” of the new collaboration.

By QuintLyn Bowers - 2 days ago
Legends Of Runeterra 2023 Roadmap Announces New Quarterly Content Cycles, Offering A Variety Of Updates Each Month

Legends Of Runeterra 2023 Roadmap Announces New Quarterly Content Cycles, Offering A Variety Of Updates Each Month

2023 is shaping up to be a year of new additions and changes to content distribution.

By Anthony Jones - 6 days ago
Ghostbusters: Spirits Unleashed Launches First Big Free DLC

Ghostbusters: Spirits Unleashed Launches First Big Free DLC

Introducing the newest ghost type: Glutton

By Aspen Pash - 4 days ago