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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. Tencent is one of the biggest Internet services providers in China. The firm had raised less than $20M in funding. READ MORE>>.

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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.

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Pragma is a back-end toolkit for gaming companies, so game developers can focus on games

TechCrunch LA

These days, most of the games developed need to be social, multi-platform and extensible, but there are only a few developers with the expertise to bring those toolsets to the profusion of new games that crop up every year. In the game industry, a game can stay in beta for years as developers work out the kinks.

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Riot Games Raises $8M

socalTECH

Los Angeles-based Riot Games , a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. READ MORE>>.

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White House Order Bans TikTok, WeChat

socalTECH

The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". TikTok has 1500 U.S. employees, with its largest office in Culver City. READ MORE>>.

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The Changing Venture Landscape

Both Sides of the Table

Seksom most recently ran Corporate Development & Strategy for Twitter so he knows a thing or two about exits to corporates and whether he funds a startup or not I suspect many will get value from building a relationship with him for his expertise. dot-com bonanza. Secrets of Sand Hill Road. just to name a few!

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Looking At LA's Technology Future with Derek Norton

socalTECH

Watertower has been involved in a number of high visibility exits and fundings in recent months, including Riot Games (rumored to be $400M+), Machinima, and ExtendMedia. I think you know Riot Games, where we put together their first institutional money. Those are two big gaming companies.