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Riot Games Acquired By Tencent

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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

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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

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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.

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Riot Games Announces First Online Game

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Los Angeles-based Riot Games , a venture-backed developer of online video games, announced Tuesday that it is will be releasing its first title--a free, online, multiplayer game called League of Legends. Tags: riot games league legends content online videogame game. READ MORE>>.

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Riot Games Buys Hypixel Studios

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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 Raises $8M

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Los Angeles-based Riot Games , a developer of online video games, announced today that it has raised a new, $8M round of financing. Riot Games develops online games which are free to play, which use virtual items for monetizing those games. READ MORE>>.

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Riot Games Clears CEO In Misconduct Allegations

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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.