Riot games tencent acquisition

Best Deals of the Day ». Tech News in Hindi. More Technology News in Hindi. Latest Videos. More Videos. Tencent , the giant technology conglomerate, has been on a buying streak for the last few years, and the latest gaming studio to fall under its wing was Back 4 Blood developer Turtle Rock Studios. Since its inception in , the gaming division has been steadily growing and with the success of Honor of Kings backing it up, it started acquiring strategic partnerships and stakes in many studios around the world.

By now, the company is bigger than EA, Nintendo, and many other giants in the industry. With the acquisition of Back 4 Blood creator Turtle Rock Studios, Tencent has taken another step towards becoming a true media behemoth.

The company seems particularly interested in multiplayer and co-op experiences, and some of the partners it works with have produced massive hits with that focus. Although has been a year with record aquisitions, the company was already huge to begin with, having stakes in studios and companies like Riot Games, Ubisoft, Activision Blizzard, Supercell, Dontnod Entertainment, Bloober, and more.

This list for will specifically count studios where Tencent is a majority holder, as its investments in general are many. Back in January , Klei Entertainment was acquired by Tencent.

While the studio is mostly known for the fan-beloved Don't Starve series , it is one of the most prolific indie studios for having created a surprising amount of titles in its almost 15 years of existence. Among its most well-known games are Mark of the Ninja , Invisible Inc. When the acquisition occured, the press release claimed Klei would retain its independence and control of its IPs.

Tencent's aim with this aquisition is to help the company get into the highly competitive Chinese market. Rolling Stone St. Expand the sub menu Film. Expand the sub menu TV. Expand the sub menu What To Watch. Expand the sub menu Music. Expand the sub menu Awards. Expand the sub menu Video. Expand the sub menu What to Hear. Expand the sub menu Digital. Expand the sub menu Theater. Expand the sub menu VIP.