How much was riot sold for?
Riot Games was acquired by Tencent in a series of transactions, with the initial investment of $400 million for a 93% stake in 2011, and the remaining 7% was acquired in 2015 for an undisclosed amount. The total value of the acquisition is estimated to be around $1.5 billion to $2.5 billion, although the exact figure is not publicly disclosed, with Riot’s current net worth standing at $1.94 billion as of October 31, 2023.
Overview of Riot Games and Tencent Acquisition
Riot Games, the developer of popular games such as League of Legends and Valorant, has undergone significant changes in its ownership structure over the years, with Tencent Holdings emerging as the majority owner.
FAQs about Riot Games and Tencent Acquisition
What is the current net worth of Riot Games?
Riot Games’ current net worth is $1.94 billion as of October 31, 2023.
Who is the current CEO of Riot Games?
The current CEO of Riot Games is Dylan Jadeja, who took over the role in 2023.
How much did Tencent pay for Riot Games?
Tencent paid an initial $400 million for a 93% stake in Riot Games in 2011, and later acquired the remaining 7% in 2015 for an undisclosed amount.
Is Riot Games a subsidiary of Tencent?
Yes, Riot Games is a subsidiary of Tencent Holdings, with Tencent owning 100% of the company.
What is the average salary of a Riot Games employee?
The average salary of a Riot Games employee ranges from $82,243 per year for an Associate Analyst to $226,604 per year for a Senior Director of Product Management.
How much revenue does Riot Games generate per day?
Riot Games generates around $4.1 million in revenue per day, with a monthly revenue of around $125 million.
What is the source of Riot Games’ revenue?
Riot Games generates revenue primarily through in-game microtransactions and virtual goods sales, offering optional in-game purchases such as cosmetic items, skins, and battle passes.
Is Discord owned by Tencent?
No, Discord is not owned by Tencent, although Tencent has invested in the company, but Tencent does own a significant stake in Riot Games.
How much is Discord worth?
The estimated net worth of Discord is around $15 billion as of 2023, with an annual revenue of around $220 million.
Who is the CEO of Discord?
The CEO of Discord is Jason Citron.
How much is Spotify worth?
The net worth of Spotify is around $31.02 billion as of October 27, 2023.
Does Mark Zuckerberg own Spotify?
No, Mark Zuckerberg does not own Spotify, with the company’s founders, Daniel Ek and Martin Lorentzon, being the largest shareholders.
Who owns Apple Music?
Apple Music is owned by Apple Inc., with Apple Music 1 being a 24/7 music radio station operated by the company.
How many employees does Riot Games have?
Riot Games has over 4,500 employees across 20+ offices worldwide.
Is Riot Games richer than Blizzard?
No, Riot Games is not richer than Blizzard, with Activision Blizzard having a market cap of around $74.97 billion, compared to Riot Games‘ valuation of around $1.94 billion.
Does Tencent own Snapchat?
Tencent has a 12% stake in Snap Inc., the parent company of Snapchat, which was acquired in 2017.