Tencent

3 statements across 1 episodes · 2 bullish · 0 bearish · 2 people on the record · first statement Dec 14, 2020 by Guy Raz · said 7 times in 1 episodes since 2020 · across every show →

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brought up most by Guy Raz (7)

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2020 7 mentions in 1 episode

Riot Games: Brandon Beck and Marc Merrill Dec 14, 2020 · 7 mentions · from 1:16:11
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Everything said about Tencent, oldest first

Dec 14, 2020 positive

Assertion Supported

Tencent's $400M acquisition of Riot generated nearly $10 billion in subsequent earnings

“By the way, Tencent's, 2011 purchase of Riot Games for four hundred million dollars was actually an incredible bargain. League of Legends alone has earned the company nearly ten billion dollars since then.”

Guy Raz Dec 14, 2020 ▶ 1:30:30 Riot Games: Brandon Beck and Marc Merrill

Dec 14, 2020 bullish

Assertion Supported

All growth since Riot's 2011 acquisition has been self-funded and profitable

“In a hundred percent of our growth since that 2011 transaction is organic, right? Like riots never taken on or capitalized the business at all. It's, you know, so like, it's been a sort of, since that period of time, a very profitable. You know, business, but …”

Marc Merrill Dec 14, 2020 ▶ 1:19:53 Riot Games: Brandon Beck and Marc Merrill

Dec 14, 2020 neutral

Assertion Supported

Merrill: Riot co-founders surrendered majority control before 2011 Tencent acquisition

“Brandon and I didn't control the company at the time. Because we had to raise so much capital prior to launch that we gave up a majority of the equity.”

Marc Merrill Dec 14, 2020 ▶ 1:17:30 Riot Games: Brandon Beck and Marc Merrill

Tencent

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Everything said about Tencent, oldest first

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