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Riot Games Clears CEO In Misconduct Allegations

socalTECH

Los Angeles-based videogame developer Riot Games said on Tuesday that a special committee has cleared its CEO, Nicolo Laurent, of alleged misconduct. Riot Games said that it hired an outside law firm, Seyfarth Shaw LLP, to investigation the allegations.

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Riot Games Buys Hypixel Studios

socalTECH

Los Angeles-based Riot Games , which publishes League of Legends, said on Thursday that it has acquired Hypixel Studios , the developer of Hytale , a block-based game which combines a Minecraft-like environment with roleplaying elements. Financial terms of the acquisition were not announced. READ MORE>>.

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Riot Games Responds to DFEH Investigation

L.A. Business Journal

West Los Angeles-based game developer Riot Games Inc. responded today to a June 12 announcement from the California Department of Fair Employment and Housing that it was opening an investigation into the company's management practices.

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Riot Games Buys Radiant

socalTECH

Los Angeles-based Riot Games has acquired videogame developer Radiant Entertainment , the two companies said today. Radiant Games had been working on its first title, Stonehearth, a town building simulation game played with friends. Financial terms of the acquisition were not disclosed.

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Riot Games Acquired By Tencent

socalTECH

Los Angeles-based Riot Games , the online videogame developer headed by Brandon Beck, said late Friday that Tencent Holdings has acquired a majority stake in the company. The firms said that Riot Games will continue to maintain its headquarters in Los Angeles, and has plans to "hire aggressively" in 2011.

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Riot Games: $160,000 Raised For Japan Relief

socalTECH

Los Angeles-based Riot Games , the online game developer, said today that its players have raised over $162,000 for victims of the earthquake and tsunami in Japan. Riot Games donated all of its proceeds from player purchases of certain items to the American Red Cross from March 21st to March 27th.

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Riot Games Snags Mohn For Board

socalTECH

Los Angeles-based Riot Games , a venture backed developer of online games, said Wednesday that it has added Jarl Mohn to its board of directors. Riot Games is backed by online Chinese services firm Tencent, Firstmark Capital, Benchmark Capital, as well as angels Mitch Lasky and Rick Heitzmann.