Riot Games Acquires Hypixel Studios (Studio Behind Hytale)

Riot Games, the studio best known for League of Legends and now Valorant, announced that they acquired Hypixel Studios, the company developing Hytale, a Minecraft inspired game. Hytale is set to launch sometime in 2021, and with Riot's backing, could compete with Minecraft.

“We’ve known the team behind Hypixel Studios for several years, and from the start they’ve been the kind of visionaries that we aspire to support; a passionate studio committed to delivering a groundbreaking, genre-defining experience for players,” said Dylan Jadeja, President of Riot Games. “Over the last 18 months, we’ve been fortunate to advise Hypixel Studios as they build toward their vision for evolving a game genre that reaches an incredibly diverse range of players around the globe. Now, as they prepare to enter the next chapter, we’re thrilled to take our partnership to the next level through this acquisition. We look forward to supporting Hypixel Studios’ journey through the development process, helping them grow, and learning from them as well.”

Riot Games has really stepped up their efforts to diversify away from League of Legends over the last year with the launch of Teamfight Tactics, Legends of Runeterra, as well as Valorant. This is after being a single game studio for the last 13 years.