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Posted in: Games, Riot Games, Video Games | Tagged: Riot Games, Statespace
Riot Games To Become Minority Shareholder In Statespace
Riot Games announced this week they will be looking to strengthen their relationship with Statespace by becoming a shareholder. The publisher revealed that they have taken up a minority stake in the company, not fully acquiring it, but more tying themselves to them while they remain independent. If you're not familiar with the company, they are responsible for the program Aim Lab, which will now become the official training and coaching platform for Valorant. According to the shorthand terms, Aim Lab will leverage the IP to "integrate in-game physics, maps, and weapons that will enable Valorant players most true-to-game training possible." Many of the tools will be used to help scout for players in the esports system, as well as eventually being transferred to being applied to MOBA players. You can read more from the deal down below.
Under the terms of the agreement, Aim Lab will become Valorant's official training and coaching platform. Aim Lab will leverage Riot's Intellectual Property to integrate in-game physics, maps, and weapons that will enable Valorant players most true-to-game training possible. Riot, upon exercise of a warrant issued in connection with the agreement, will gain a minority stake in Statespace and continue to work together with Aim Lab to develop innovative training, coaching, and scouting tools for Valorant players and eventually MOBA players.
"We look forward to collaborating with Statespace on developing innovative training and coaching tools for Valorant and MOBA players around the world to improve their skills at every level," said Jake Perlman-Garr, Global Head of Corporate Development at Riot Games.
"Riot has been the best partner, collaborator, and facilitator that we could have asked for. We are thrilled to continue to improve player experience through training, coaching, and scouting in Valorant and soon, in League of Legends," said Dr. Wayne Mackey, CEO of Statespace.
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