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Whitehouse debating whether to allow Tencent to maintain stakes in US video game companies (www.ft.com)

submitted 22 hours ago by Commie_Chameleon@hexbear.net to c/games@hexbear.net

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The White House is debating whether to allow Tencent, the Chinese tech and gaming company, to maintain stakes in popular video game groups as Donald Trump prepares to meet Xi Jinping in China in April.

Top officials have held meetings to decide whether Tencent's investments in US and Finnish groups — which have helped make it the world's biggest video gaming company — pose a security risk, said several people familiar with the internal deliberations. Several cabinet officials planned to discuss the matter on Tuesday but postponed the meeting because of scheduling issues.

Tencent holds a 28 per cent stake in Epic Games, the North Carolina-based creator of the hit title Fortnite. It also owns Riot Games, the Los Angeles-based developer of League of Legends, and Supercell, a Finnish mobile gaming group that developed Clash of Clans.

One person familiar with the state of play last summer said Tencent at the time was negotiating measures with the Committee on Foreign Investment in the US to mitigate Washington's security concerns.

The debate comes three weeks before Trump is scheduled to fly to China to meet Xi. Beijing has repeatedly criticised the US for taking security measures that impact Chinese companies.

The people familiar with the Trump administration's scrutiny of Tencent's gaming investments cautioned that it was unclear if the US was more likely to force divestitures or allow the investments to stand.

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[–] MolotovHalfEmpty@hexbear.net 8 points 20 hours ago

This doesn't seem like much of a threat to China. In fact, it sounds like the US putting the last nail in the coffin of the American games industry. Every major American company is already trying to close, divest from, or move just about every studio to Asia, India, or Eastern Europe. If they block all Chinese investment it'll only hurry along the not too distant day when the only US made games will be an ever declining Fortnite and Microsoft making a Call of Duty propaganda piece fuller and fuller of AI slop every year as numbers dwindle slowly.