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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 Buys Radiant

socalTECH

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

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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. READ MORE>>.

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Clinton Foy: Why We Bought Our Own E-Sports Team, the Immortals

socalTECH

It's super interesting, in particular, for Southern California, where Blizzard and Riot Games have been really helping to lead that charge, both locally and internationally. Blizzard has been one of the founders of e-sports, an created many of the early e-sports games, and Riot Games is well known for League of Legends.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

Among other major 2011 exits listed were Riot Games ($400 million) and HauteLook ($270 million). Both years were well above 2009, which had a low of only $475M in exits. During 2011, the analysis identified 73 exits by companies, with an average value of approximately $106M.

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LA TECH SUMMIT Celebrates Los Angeles’s Phenomenal Growth

LATechDigest

Speakers included Mayor Eric Garcetti , Snapchat influencer Jake Paul (fresh off his 60 Minutes appearance), Loot Crate cofounder Chris Davis (whose company just topped the Inc 5000), and early Snapchat & Riot Games / SF-based investor Peter Lasky. — LATech Digest (@LATechDigest) October 25, 2016.

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

Brandon Beck – Riot Games. StarCraft 2 might be the most played eSport currently, but Riot Games’ “League of Legends” is garnering prize pools in the millions. They raised some money, stole some guys from Blizzard, and released the game for free. Here are 10 people I think will be leading the charge.