China's Tencent buys US Riot Games majority stake (AFP)
BEIJING (AFP) – Asiatic Internet concern Tencent has taken a eld stake in US online mettlesome developer Riot Games less than digit weeks after announcing plans to start a $760 meg money to equip in such companies.
Tencent, one of the directive online mettlesome companies in China, module provide financial backing as Riot Games expands into newborn markets and develops games, the companies said in a render evidence liberated in the United States Friday.
Financial cost of the agreement were not released. The care is person to restrictive approval.
"Tencent's assets module provide our precocious team... with additional resources to pore on innovating around League of Legends and launching newborn projects that push the boundaries in the recreation space," Riot Games honcho chief Brandon Beck said.
Tencent obtained the Asiatic rights to League of Legends -- a liberated multiplayer online battle-arena mettlesome -- in 2008 and is planning to effort it this assemblage in the world's large Internet mart of 457 meg users, according to the statement.
The Asiatic assemble declared terminal period that it plans to start a five-billion-yuan money to equip in online gaming, e-commerce and newborn media companies.
It was not country whether Tencent would ingest the assets money to direction the Riot Games deal.
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