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I found this article of the top 100 of the world's most valuable digital startups (http://www.businessinsider.com/digital-100#51-riot-games-51).
Analysis: Riot Games is an independent game developer. The company's first title, League of Legends, is the 4th most played game in the world. We estimate the company will generate revenue of between $25-50 million this year, off of a relatively low base in 2009 given the October launch. Given the company only has one title, we will apply the lower end of the gaming multiple range of 5x for a valuation of $250 million.