Tencent Fully Purchases Riot Games

Chinese Online Powerhouse Tencent has recently purchased the rest of Riot Games' equity after being a majority stakeholder since 2011. The 2011 deal costed $231.5 Million USD according to a Tencent interim report and the remaining shares were sold as of the 15th. According to Riot Games' official website this move was made in order to shift towards more cash based incentives for their employees as the company continues to grow. In regards to the buyout price, no news has been released as of yet.