Riot Games, developer behind worldwide MOBA hit League of Legends, has been purchased outright by Tencent Holdings Limited, which means that Riot is now fully controlled by the Chinese company.
This was revealed via a blog post on Riot's official site, which reads:
"As a result of our continued growth and changing circumstances, we're shifting to a new structure to recognize and reward Rioters' contributions - and that first involves a big change to our existing equity program. As part of this effort, our majority investor, Tencent, recently purchased the remaining equity of Riot Games. This allows us to move away from a Riot equity program towards a cash based incentive program that allows Rioters to share in Riot's success."
Tencent is now the largest gaming company in the world, and has a sizeable financial stake in Activision-Blizzard, Epic Games, GLU Mobile and Pocket Gems.