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Riot Games Commits $10M To Minority Owned Game Studio Investments

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Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund.

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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. READ MORE>>.

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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. READ MORE>>.

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Three Good Snags Seed Funding

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Los Angeles-based employee wellness and artificial intelligence (AI) software developer Three Good announced that it has raised a seed funding round. in that funding. The company says it is raising $2.5M The company says it is using both artificial intelligence and traditional psychology to help companies beat employee burnout.

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Three Good Snags Pre-Seed Funding

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Los Angeles-based employee wellness and artificial intelligence (AI) software developer Three Good announced that it has raised a seed funding round. The company says it has raised $700K in that pre-funding. in seed funding. The company said it is in the midst of raising $2.5

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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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Treehouse Games Finds $2.6M

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Los Angeles-based Treehouse Games , a developer of cooperative games aimed at helping friends spend time together, has raised $2.6M in a seed funding round, the company said this week. The funding was led by LVP, and also included Transcend Fund and Kristian Segestrale, the CEO of Super Evil Megacorp.