China's Tencent buys US Riot Games majority stake (AFP)
BEIJING (AFP) – Asiatic cyberspace firm Tencent has taken a eld wager in US online mettlesome developer Riot Games less than two weeks after announcing plans to start a $760 million money to equip in much companies.
Tencent, one of the directive online mettlesome companies in China, module wage financial championship as Riot Games expands into newborn markets and develops games, the companies said in a render evidence free in the United States Friday.
Financial cost of the commendation were not released. The care is subject to regulatory approval.
"Tencent's assets module wage our talented team... with added resources to pore on innovating around League of Legends and launching newborn projects that near the boundaries in the gaming space," Riot Games honcho executive Brandon Beck said.
Tencent obtained the Asiatic rights to League of Legends -- a free multiplayer online battle-arena mettlesome -- in 2008 and is planning to effort it this assemblage in the world's large cyberspace mart of 457 million users, according to the statement.
The Asiatic assemble declared terminal month that it plans to start a five-billion-yuan money to equip in online gaming, e-commerce and newborn media companies.
It was not clear whether Tencent would ingest the assets money to direction the Riot Games deal.
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