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Riot Games Acquired By Tencent

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Los Angeles-based Riot Games , the online videogame developer headed by Brandon Beck, said late Friday that Tencent Holdings has acquired a majority stake in the company. The firms said that Riot Games will continue to maintain its headquarters in Los Angeles, and has plans to "hire aggressively" in 2011.

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Riot Games Snags Mohn For Board

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Los Angeles-based Riot Games , a venture backed developer of online games, said Wednesday that it has added Jarl Mohn to its board of directors. Riot Games is backed by online Chinese services firm Tencent, Firstmark Capital, Benchmark Capital, as well as angels Mitch Lasky and Rick Heitzmann.

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Riot Games Raises $8M

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Los Angeles-based Riot Games , a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. READ MORE>>.

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Looking At LA's Technology Future with Derek Norton

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Derek Norton is head of Los Angeles-based Watertower Group (www.watertowergroup.com), a firm which helps companies raise funding, one of the rare companies which has a track record and good reputation helping companies with fundraising, and also runs its own investment fund. Those are two big gaming companies.

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March Capital Backs Video Game Developer Wavedash Games

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Los Angeles-based venture investor March Capital Partners is the lead investor in video game developer Wavedash Games , which announced a $6M Series A funding round on Tuesday morning. The funding round also included Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC.

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Nix Hydra Gets $5M For Video Games

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Los Angeles-based Nix Hydra , a startup video game development company led by Lina Chen and Naomi Ladizinsky, said this morning that it has raised $5M in a Series A funding. The funding came from the Foundry Group, as well as angel investor Mike Lazerow. women eggbaby capital venture game video videogame hydra'

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Battlefy Finds $1.3M

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in seed funding from Deep Fork Capital, William Morris Endeavor, former Riot Games Chairman Jarl Mohn, Dennis Phelps (IVP), Social Starts, BDC Ventures, and Keith Boesky. The company--now based in Vancouver, BC--helps organizers of professional video game tournaments and leagues. The company is led by Jason Xu.