Did Microsoft Buy Riot Games?
No, Microsoft did not buy Riot Games, as Riot Games is a subsidiary of Tencent Holdings, a Chinese multinational conglomerate that acquired a majority stake in Riot Games in 2011 and later completed the acquisition, owning 100% of the company in December 2015. Microsoft and Riot Games have a partnership to bring Riot Games’ biggest games to Xbox Game Pass, but Microsoft does not own Riot Games.
Introduction to Riot Games and Its Ownership
Background Information
Riot Games, the developer of League of Legends, is an independent game studio founded by Brandon Beck and Marc Merrill in 2006, but it has been a subsidiary of Tencent Holdings since 2011. Tencent Holdings acquired a majority stake in Riot Games in 2011 and later completed the acquisition, owning 100% of the company in December 2015.
Frequently Asked Questions
General Information
- Who owns Riot Games now? Riot Games is a subsidiary of Tencent Holdings, a Chinese multinational conglomerate that acquired a majority stake in Riot Games in 2011 and later completed the acquisition, owning 100% of the company in December 2015.
- Is Riot a part of Microsoft? No, Riot Games is not a part of Microsoft, but they have a partnership to bring Riot Games’ biggest games to Xbox Game Pass.
- What is the Riot and Microsoft deal? The partnership between Riot Games and Microsoft brings together two of the largest gaming companies in the world around a shared love of player-focused competitive games, with Riot Games bringing its biggest games to Xbox Game Pass.
Ownership and Financials
- Who sold Riot Games? Riot Games was acquired by Chinese conglomerate Tencent in 2011.
- Is Riot richer than Blizzard? No, Activision Blizzard’s brand is ranked #527 in the list of Global Top 1000 Brands, with a market cap of $74.97B, while Riot Games’ brand is ranked #77, with a valuation of $3.52B.
- How rich are Riot Games? Riot Games’ net worth as of October 27, 2023, is $1.9B.
Leadership and Structure
- Who is behind Riot Games? Riot Games was founded by Brandon Beck and Marc Merrill and is led by CEO Dylan Jadeja.
- Who is the CEO of Valorant? Dylan Jadeja is the CEO of Riot Games, the developer of Valorant.
- Did Xbox buy Riot? No, Xbox did not buy Riot Games, as Riot Games is a subsidiary of Tencent Holdings.
Games and Revenue
- How much money did Riot make from LoL? League of Legends generated $1.75 billion in revenue for developer Riot Games in 2020.
- How much do Riot Games make? Riot Games’ revenue is $1.5 billion, with an average revenue per employee ratio of $600,000.
- Is Riot making money? Yes, Riot Games is making money, with a peak revenue of $1.5B in 2022.
Debt and Acquisitions
- Is Riot in debt? No, Riot Games has more cash than its total debt, with a debt to equity ratio that has reduced from 3.8% to 0.07% over the past 5 years.
- Did Riot Games buy Hypixel? Yes, Riot Games acquired Hypixel Studios, a passionate studio committed to delivering a groundbreaking, genre-defining experience for players.
- Did Riot sell League of Legends? No, Riot Games did not sell League of Legends, but Tencent acquired 100% of Riot Games, the developer of League of Legends, in 2015.