Team Radiant is no more. According to Tom and Tony of Radiant Entertainment, the gaming studio is now a part of Riot Games.

In a post over at Radiant Entertainment's website, the duo says that they're happy to join Riot Games where their developers can keep creating games that speak to players personally.

So does that mean Radiant Entertainment's Stonehearth and Rising Thunder will push forward as planned? Yes and no.

Bad news first, Rising Thunder will be no more. Riot Games confirmed that development of the game will be discontinued and will be permanently closed on March 18. Team Radiant, however, says they've started work on a new game. It won't be replacing Rising Thunder, but they do say that they're excited about it.

"To everyone who has helped support us by playing Stonehearth and Rising Thunder, backing our Kickstarter, telling your friends, and giving us your feedback: Thank you for helping us make these games as good as they can be. You have been a consistent source of motivation and inspiration for us, and we look forward to continuing to talk and work with you in the future," Tom and Tony write.

On to brighter news, Stonehearth has survived the buyout and will continue to be developed by Radiant.

"We'll continue delivering Alphas at our current pace, with the aim of delivering the final game 'when it's ready.' We'll continue keeping you up to date on our progress through things like our Twitch streams and Desktop Tuesday blog posts," add Tom and Tony.

As for Riot Games, this is the company's first such acquisition in its 10 years of being in the gaming industry. Besides League of Legends, Riot has hinted at another kind of game that Team Radiant may or may not have a helping hand in.

Is is quite unfortunate to see the free-to-play fighter Rising Thunder suddenly scrapped like that, but it will be interesting to see what happens next. Either Riot is bringing Radiant on to help work on their post-LoL title, or Team Radiant is working on a completely different kind of game.

What we do know for sure though is that Tencent, Riot Games' Chinese parent company that bought out 93 percent of the gaming studio's shares, may want to have another free-to-play fighter tailor-made for a more global audience.