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Read More »Riot to host a third international League of Legends competition
During a press conference in China, Riot Games revealed that it plans to host a third international LoL tournament this year. According to Yahoo eSports, Rioter Ye Qiang revealed that the company will host a new international competition in July this year. Further details are not known but he did …
Read More »Tencent form consortium to complete Supercell takeover
Consortium brings together $850 million to complete $8.6 million deal
Read More »Supercell will continue to operate independently after Tencent acquisition
CEO Ilkka Paananen talks up the benefits of long-rumoured deal
Read More »Tencent acquiring Supercell in $8.6bn deal
SoftBank to relinquish stake in Clash of Clans developer, now valued at $10.2bn
Read More »Tencent to buy Clash of Clans maker Supercell for $8.6bn
Chinese games giant Tencent has just spent big to buy Clash of Clans developer Supercell. The $8.6bn purchase was confirmed by the studio itself following a report by the Wall Street Journal. For that sum, the media giant will purchase a 84.3 per cent state in the Finnish developer. The …
Read More »Tencent grabs 5% stake in Paradox
Chinese gaming giant Tencent has spent around 14.3m to acquire a five per cent share of Paradox Interactive. The deal values the company at approximately 286m. Paradox CEO Fredrik Wester stays on as a key shareholder with a 33.3 per cent share of the company. Investment firm Splitan owns 30.5 …
Read More »Tencent could be buying SoftBank’s stake in Supercell
Chinese giant rumoured to be interested in taking majority share of Clash of Clans dev
Read More »Tencent takes full ownership of Riot Games
League of Legends developer Riot Games has sold the entirety of its remaining shares to Tencent. “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,” the company said. “As a …
Read More »Tencent now fully owns Riot Games
Chinese giant purchases remaining equity in League of Legends studio
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