{"id":311267,"date":"2021-10-29T16:30:56","date_gmt":"2021-10-29T16:30:56","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=331912"},"modified":"2021-10-29T16:30:56","modified_gmt":"2021-10-29T16:30:56","slug":"us-probes-900m-tencent-move-for-sumo-group","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/29\/us-probes-900m-tencent-move-for-sumo-group\/","title":{"rendered":"US probes \u00a3900M Tencent move for Sumo Group"},"content":{"rendered":"

<\/p>\n

\tThe US Committee on Foreign Investment in the United States (CFIUS) began probing a planned takeover [1] of UK-based gaming company Sumo Group by Tencent for \u00a3919 million, potentially challenging a global expansion plan by the Chinese company.<\/p>\n

Sumo Group notified shareholders of the probe, which commenced yesterday (28 October), explaining in a statement the companies were actively engaged with CFIUS as they seek to close the transaction by the year-end.<\/p>\n

The game developer explained Tencent had offered concessions.<\/p>\n

CFIUS is responsible for reviewing non-domestic investments and their potential implications on national security.<\/p>\n

Sumo Group operates studios in the UK, US, Canada, India and Poland.<\/p>\n

Tencent fully owns US-based Riot Games, developer of League of Legends and holds stakes in Finland-based mobile game maker Supercell and Fortnite developer Epic Games.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/apps\/news-apps\/tencent-pours-900m-into-uk-gaming-push<\/p>\n\n

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The US Committee on Foreign Investment in the United States (CFIUS) began probing a planned …<\/p>\n

The post US probes \u00a3900M Tencent move for Sumo Group<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":211,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"US probes \u00a3900M Tencent move for Sumo Group - ITTeacherITFreelance.hk","description":"The US Committee on Foreign Investment in the United States (CFIUS) began probing a planned ... The post US probes \u00a3900M Tencent move for Sumo Group appeared fi"},"footnotes":""},"categories":[8,21,7],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311267"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/211"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=311267"}],"version-history":[{"count":2,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311267\/revisions"}],"predecessor-version":[{"id":311897,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/311267\/revisions\/311897"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=311267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=311267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=311267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}