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Tencent, the giant Chinese Web holding company, has bought Los Angeles-based Riot Games for about $400 million. Yet another big-dollar deal in an industry that’s seen a lot of M&A in the last year, and one of the biggest investments by a Chinese company in an American digital property.
News ByteNgmoco, the software company known primarily for its Apple iPhone and iPod games, has been snapped up by Japanese gaming company DeNA. The deal could be worth up to $400 million, depending on earnouts.