Interview: League of Legends Developer Riot Games Acquired By Tencent

Tencent Holdings, one of the Leading Internet companies in China - Which operates IM, social networking, and online games - has Acquired a Majority Stake in Riot Games, a developer and publisher of the League of Legends. The two companies had occurred Already Planned to Launch the Chinese version of Riot's popular multiplayer title StrategyPoints League of Legends Together this year.

Acocrding Thurs CEO Brandon Beck, "Technically it's an Acquisition - Tencent is acquiring a Majority stake in the company. It's unusual as Acquisitions go, in the sense That there's an Incredible Amount of Autonomy and Independence That Both companies are Trying to Create, Which is critical to us. "

Already has Tencent U.S. offices; Beck Stressed That His Company, Co-Founded with Merrill Is Not Becoming Tencent's U.S. operation.

"Riot is going to remain Completely independent. There's no redundancies, no layoffs, no synergy fishing, no leadership change," Beck said. In Fact, Riot Games is Remaining ITS own publisher in North America and Europe. "Nothing is going to change dramatically they're Other Than Increasing Their holding in the company. They see this more as an investment in a partner."