Trump takes aim at Epic, Riot Games over ties to Tencent

Trump administration takes aim at Epic, Riot Games over ties to Tencent: report

Trump administration takes aim at Epic, Riot Games over ties to Tencent: report

CFIUS or The Committee on Foreign Investment in the U.S. has asked Riot Games, Epic Games, several other gaming companies to report on how they handle American gamers' personal data, as per Bloomberg.

The CFIS investigation comes amid the Trump administration's actions against Chinese social media users Dictok and Wechat, the latter of which is owned by Tencent. Riot Games and Epic Games are among those receiving the requests.

A new report released by a reliable news outlet notes that CFIUS (Committee on Foreign Investment in the U.S.) has sent official letters to Epic Games. And the announcement earlier today from Commerce Secretary Wilbur Ross uses language that could be applied to Tencent's gaming holdings just as easily as TikTok's social media service. It made a $330 million investment for a 40% stake in Epic Games in 2012. The conglomerate also owns majority shares in Clash of Clans developer Supercell and Path of Exile developer Grinding Gear Games, as well as smaller shares in companies including Ubisoft, Activision Blizzard, Funcom, Discord, and PlayerUnknown's Battlegrounds maker Bluehole. Save on popular games like The League of Legends. Both companies operate games with hundreds of millions of players.

For this, it is stated that information about security situations is requested from Epic Games and Riot Games, one of the leading game companies. Riot Games and other prominent companies that have signed deals with Tencent, asking about more information related to security protocols and and how the private data of American citizens is handled. In August, President Trump ordered a ban on Tencent's WeChat app.

Whether the order goes into effect on Sunday as planned still remains to be seen.

MA no longer has the country’s highest unemployment rate
Government jobs increased by 10,400 last month, with some of those jobs attribute to a surge in U.S. The state's non-seasonally adjusted decreased to 8.7%, a one percentage point drop from July.

A potential deal for a TikTok sale has been reached with software company Oracle, and is now awaiting approval from the federal government.

While Tencent deals largely with the gaming industry, it also has U.S. holdings in other major industries, from music to social media. However, that would still seemingly leave WeChat subject to the terms of the order, making the app's future in the United States uncertain. As a result of these pressures, it has been talked for a long time that TikTok is on sale for U.S. operations. President Trump has repeatedly insisted that TikTok, because it is owned and operated by a Chinese company, is collecting information from users in the United States and feeding that information to the Chinese government.

Representatives for the companies declined to comment or did not immediately respond.

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