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US govt questioned Riot and Epic Games over Tencent Holding & Security

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Tencent is the world’s largest video game Vendor

The United States is quite strict about the involvement of China’s Tencent Holdings and its partnership with American firms that includes full ownership of Riot Games, a minority stake in Epic Games, and publishing deals with Activision Blizzard.

After banning several Chinese companies including Tik Tok, the U.S. Treasury’s Committee on Foreign Investment in the U.S. (CFIUS) has asked gaming companies including Riot Games and Epic Games, to provide information on security protocols.

CFIUS is known for investigating foreign acquisitions of American businesses for national security risks. It has the authority to examine full acquisitions as well as non-controlling investments and provide recommendations to the Trump administration whether to block or unwind deals.

Valorant and League of Legends developer Riot Games is a wholly-owned subsidiary of Tencent Holdings, while the company holds a 40% stake in Fortnite maker Epic Games.

Tencent also holds publishing deals with Activision Blizzard and South Korean PUBG Game which was recently got banned in India due to Tencent Holding.

Not only this, but Tencent also has stakes in Reddit, Discord, and Snapchat maker Snap Inc. Recently, the Trump administration ban the Tencent-made WeChat messaging app and Tik Tok.


Shashank
Shashank is an experienced tech blogger. He has completed his Master in Business Administration but his heart lies in technology & Gadgets. He is basically Creative in Nature and his one of favorite thing is Capturing Nature closely whenever he gets the free time.

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