China Gaming Giant Tencent Forks Over $400M For Majority Stake in Riot Games

The latest outbound Chinese deal to hit the market is Tencent's majority stake acquisition in Los Angeles-based Riot Games. The deal is estimated to be aroud $400M

The latest Chinese deal to hit the international games market is Tencent’s majority stake acquisition in Los Angeles-based Riot Games. The deal is estimated to be aroud $400M. More after the jump.

Riot Games, the developer and publisher of online action strategy game League of Legends, has apparently developed a very professional team and solid business infrastructure so much so to entice Tencent to buy out Riot Games’ earlier investors Benchmark Capital and FirstMark Capital last week.

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