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Tencent’s Ownership of Gaming Companies Draws U.S. National Security Scrutiny

Owen S. Good, reporting for Polygon:

The Trump administration wants to know more about U.S. video game companies’ involvement with China’s Tencent Holdings, whose relationships with American firms includes full ownership of Riot Games, a significant minority stake in Epic Games, and publishing deals with Activision Blizzard.

Bloomberg reported on Thursday that the Committee on Foreign Investment in the United States (CFIUS) sent letters to Epic, Riot, and others to ask about their protocols for securely handling Americans’ personal information.

Tencent is the world’s largest video game vendor, but its U.S. holdings are not limited to just that marketplace. It also has stakes in Reddit, Discord, and Snapchat maker Snap Inc.

Epic Games, Activision, Reddit, Discord, Snap — that’s quite a portfolio of companies that, collectively, consume a lot of attention of younger Americans.

Thursday, 17 September 2020