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Reuters is reporting that Riot Games and Tencent Games are working cooperatively to develop a mobile version of League of Legends according to a trio of sources "with inside knowledge of the matter". A few years ago, Riot rejected the idea of mobile LoL after which Tencent developed a clone called Honour of Kings that was released in China. It subsequently became "the world's highest grossing multiplayer online battle arena game" in late 2015.
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5% ownership in a few game companies + Riot + Grinding Gears is hardly almost everything...
A couple of gaming companies? You must dig deeper then, they have a large share in epic, so in essence they have their hands in ALOT of the gaming space (developer).
Mildly. Adding Fortnite and a game store to the list hardly counts. If Epic Developed all of the games in the game store, I might agree more. But still, being invovled in 2% of the gaming market is no where close to "almost everything in gaming".
I wouldn't say a 40% stake at an 800 Million dollar purchase to equate to '2%' of the industry seeing the majority of dev houses are using UE4. But keep telling yourself something different.
https://en.wikipedia.org/wiki/List_of_Unreal_Engine_games#Unreal_Engine_4
Pretty expansive list of games...
Couple that with 2 other important points: 1) china makes up 1/4 of the world's population and 2) most things gaming related in china have to go through tencent since they work directly for the chinese government (supposedly). So yeah.....they aren't exactly small.
There wasn't already a mobile version?
I am actually shocked.
LOL was made to be played on mobile.
They have their hands on a lot of games we don't even know through subsidiaries. China tends to like that kind of approach. Their book market is kinda the same. Some of the big players own pretty much everything through subsidiaries.
Season 1 League of Legends was a blast. Everything since is dull and repetitive.