The Iconic American Brands Are No Longer American

Riot Games, the mastermind behind League of Legends, launched the game in 2009, creating an online multiplayer phenomenon. Its partnership with Tencent culminated in 2015, with Tencent acquiring full ownership, marking the pinnacle of their collaboration.

In 2015, Tencent, previously owning 93% of Riot Games, acquired the remaining shares, solidifying its position as the parent company. This move granted Tencent complete creative freedom over Riot, valuing the game developer at $6 billion.