Is Riot Games a Chinese company?

Is Riot Games a Chinese company?

Is Riot Games a Chinese company? Riot Games is an American video game developer which is headquartered in Los Angeles, California. The company was founded in 2006 by Marc Merrill and Brandon Beck. However, it is a subsidiary of Chinese multinational technology conglomerate Tencent Holdings.

Is Riot Games owned by Tencent?

Riot Games, the developer of the popular multi-player, online, video game League Of Legends, has sold to Chinese firm Tencent. The announcement about the change in company ownership was made in a blogpost, which also laid out the way the staff would be compensated.

Why did riot sell 7% of its stock?

The sale came after a supposed clash between Riot Games and Tencent over some League Of Legends tournaments that were organised by the Chinese firm without prior permission. So far, there have been no reports of the exact figures for the sale of the remaining 7% of the stock of the gaming company.

What are the consequences of rioting in the UK?

Riot is an indictable-only offence. A person convicted of riot is liable to imprisonment for any term not exceeding ten years, or to a fine, or to both.

What is the history of Riot Games?

Riot Games is an American video game developer which is headquartered in Los Angeles, California. The company was founded in 2006 by Marc Merrill and Brandon Beck. However, it is a subsidiary of Chinese multinational technology conglomerate Tencent Holdings.

Will Tencent Holdings Ltd keep its stake in Riot Games?

May 5 (Reuters) – Tencent Holdings Ltd (0700.HK) is negotiating agreements with a U.S. national security panel that would allow it to keep its ownership stakes in U.S. video game developers Riot Games and Epic Games, according to people familiar with the matter.

Is Riot Games part of Tencent or Epic Games?

Tencent, Epic Games and a CFIUS representative at the U.S. Treasury Department declined to comment. A Riot Games spokesman said the Los Angeles-based company operates independently of Tencent and that it has implemented “industry-leading practices” to protect player data.