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Is this going to impact Riot Games' games (League of Legends, Valorant), the wildly popular American video game company which is owned by Tencent?
by rhaps0dy 2y ago
Is this going to impact Riot Games' games (League of Legends, Valorant), the wildly popular American video game company which is owned by Tencent?
- jtriangle 2y agoIf the current president decides that they're a threat to national security, then yes.
- nickthegreek 2y agoTencent also owns 40% of Epic Games, which wants its own AppStores on the mobile OSes.
- ajross 2y agoAs people are pointing out, no. This isn't a blanket law, it requires per-case executive action to enforce. What the law absolutely does do is make "Chinese Ownership" an existential risk to companies with software products with large numbers of US users. Riot, Epic et. al. will be strongly incentivised to get their PRC shareholders to divest, and in the future other companies will be disincentivized from accepting that kind of investment. And surely that's intentional.
- xvector 2y ago> it requires per-case executive action Abuse of power in a nutshell.