Who funds Riot Games?

Riot Games is funded by 4 investors. HAX and Tencent are the most recent investors. Riot Games has made 22 investments. Their most recent investment was on Mar 7, 2023 , when The Believer Company raised $55M .

Who is Riot Games owned by?

Founded by Brandon Beck and Marc Merrill, and led by CEO Nicolo Laurent, Riot is headquartered in Los Angeles, California, and has 4,500+ Rioters in 20+ offices worldwide.

Is Riot Games publicly owned?

Since Riot Games isn't publicly traded, it's not possible for most retail investors to own Riot Games stock.

What stock owns Riot Games?

Riots Games' stock symbol is the ticker of its parent company Tencent Holdings. In the USA. Riot Games trades under the symbol OTCMKTS: TCHEY. OTCMKTS means that the stock trades on the Over-The-Counter markets.

Is Riot Games owned by Xbox?

Who Is Riot Games Owned By? Since 2015, Tencent has completely owned Riot Games.

Everything Wrong With Riot Games

Is Riot owned by Microsoft?

In 2011, Riot Games was acquired by Chinese conglomerate Tencent. Riot Games' publishing arm, Riot Forge, oversees the production of League of Legends spin-offs by other developers.

Did Amazon buy Riot Games?

Amazon Prime Gaming has announced a multi-title partnership with game developer Riot Games. The deal sees Amazon Prime subscribers gain access to exclusive in-game items and cosmetics in League of Legends, League of Legends: Wild Rift, VALORANT, and Legends of Runeterra.

Who is the biggest investor in Riot Games?

HAX and Tencent are the most recent investors. Riot Games has made 22 investments. Their most recent investment was on Mar 7, 2023 , when The Believer Company raised $55M .

Is Riot owned by Vanguard?

Fintel reports that Vanguard Group has filed a 13G/A form with the SEC disclosing ownership of 15.22MM shares of Riot Blockchain Inc (RIOT). This represents 9.09% of the company.

How does Riot Games make money?

Riot Games generates the bulk of company revenue through in-game purchases, with these microtransactions earning approximately $31 per second. What's more, the company earns advertising and sponsorship revenue from game tournaments broadcast on YouTube.

Who owns majority of Riot?

Who owns Riot Platforms? Riot Platforms (NASDAQ: RIOT) is owned by 36.15% institutional shareholders, 22.04% Riot Platforms insiders, and 41.81% retail investors. Data Ag Northern is the largest individual Riot Platforms shareholder, owning 6.95M shares representing 4.15% of the company.

Does China own Riot Games?

Riot Games is wholly owned by China's social media, games and video conglomerate Tencent Holdings.

Can you buy Riot stock?

Locate shares of RIOT and hit buy.

Since RIOT is a commonly traded stock and listed on the NASDAQ, you can locate shares to purchase through essentially any brokerage.

Why is Tencent buying everything?

Tencent is allegedly shifting its M&A strategy to "aggressively" focus on "buying majority stakes mainly in overseas gaming companies." As reported by Reuters, this change is in part due to Tencent's attempt to battle the slowing growth in its home country of China.

Is Riot 100% owned by Tencent?

Riot Games made League of Legends but they are mostly owned by Tencent. While Tencent allows Riot Games to operate independently, Tencent owns most of Riot Games, so they own most of League of Legends.

How rich is Riot Games?

Interactive chart of historical net worth (market cap) for Riot Platforms (RIOT) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Riot Platforms net worth as of April 04, 2023 is $1.67B.

What corporations does Vanguard own?

Truist Financial Corp. CVS Health Corp. Hewlett Packard Enterprise Co. Gilead Sciences Inc.

What company owns Vanguard?

Vanguard isn't owned by shareholders. It's owned by the people who invest in our funds. Our owners have access to personalized financial advice, high-quality investments, retirement tools, and relevant market insights that help them build a future for those they love. That's the Value of Ownership.

Is Riot richer than Blizzard?

Activision Blizzard's brand is ranked #527 in the list of Global Top 1000 Brands, as rated by customers of Activision Blizzard. Their current market cap is $74.97B. Riot Games's brand is ranked #77 in the list of Global Top 100 Brands, as rated by customers of Riot Games. Their current valuation is $3.52B.

Why did Riot sell to Tencent?

And Riot wanted the extra funds in order to expand more aggressively. You'll notice that not only has Riot kept their flagship League of Legends going, but they have been rapidly adding new games to their roster. THAT is why they accepted Tencent's money. Tencent gave Riot money in order to make more money.

Which game makes riot the most money?

The data collected shows impressive growth for Riot Games. ... The biggest earner was League of Legends: Wild Rift, released in October 2020.

Is Riot bigger than Activision?

Activision Blizzard's brand is ranked #527 in the list of Global Top 1000 Brands, as rated by customers of Activision Blizzard. Their current market cap is $74.97B. Riot Games's brand is ranked #77 in the list of Global Top 100 Brands, as rated by customers of Riot Games. Their current valuation is $3.52B.

Is League Prime Gaming ending?

Deal Between Amazon and Riot Games For LoL Prime Ended

When it was announced that the current available capsule would only be available until February 16, 2023 he messaged Amazon asking about future capsules and content.

Is Riot Games a AAA game company?

Both the newness of Riot's free-to-play 5v5 game — still in a closed beta with an anticipated wide release this summer — and the differences between it and League, genre-wise, led Riot to its current strategy for Valorant, which is the company's second AAA game.