Riot Games bought out by Tencent

Riot Games bought out by Tencent(riotgames.com)

20 points by bjacks 10 years ago | 7 comments

anujanpan 10 years ago |

Tencent had already owned 92% of Riot Games, this was just for the remaining 8%.

huac 10 years ago | |

Interestingly, it means there's no more Riot stock. So for employees, share based performance incentives now can only be paid in cash.

It sounds like a net benefit to employees - they get a liquidity event and their future bonuses/compensation are more predictable (esp since Riot was never going to IPO).

dogma1138 10 years ago | | |

That's not how stocks work there are different types/classes of stock and different types of options. They can still give employees non voting stock and issue ESO's. It's quite rare to issue full equity with voting rights to employees. ESO's generally have quite strict vesting and are non-transferable so this is pretty much a company wide ETO incentive bonus.

ahstilde 10 years ago |

It's unfortunate that Riot is now owned by a non US firm.

dogma1138 10 years ago | |

Tencent also owns a big steak in ActivisionBilzzard, Epic and many other US game companies.

oblio 10 years ago | |

Why?