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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. READ MORE>>.

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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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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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Looking At LA's Technology Future with Derek Norton

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Watertower has been involved in a number of high visibility exits and fundings in recent months, including Riot Games (rumored to be $400M+), Machinima, and ExtendMedia. I think you know Riot Games, where we put together their first institutional money. Those are two big gaming companies.

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Nix Hydra Gets $5M For Video Games

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The company says the new round brings its total raised to $5.6M, including an earlier angel round from such investors as Matt Britton (MRY), Vinny Linghma (Gyft), and Brad Schwartz (Riot Games). women eggbaby capital venture game video videogame hydra' READ MORE>>.

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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.