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$TENCENT (00700.HK)$
The United States has initiated a security review of Tencent's $1.3 billion acquisition deal for Sumo.
According to Reuters, the US National Security Council is investigating Tencent's acquisition of the UK gaming company Sumo Group to ensure it does not harm US national security. Sumo, which has studios in the US and four other countries, stated that Tencent has agreed to provide relevant documents to obtain CFIUS approval. Tencent announced in July that it would increase its shareholding in Sumo Group. Sumo stated that they are in contact with CFIUS to obtain approval by the end of this year.
As the world's largest video game company, Tencent has been controversial for many years, but its influence remains unabated. Tencent already owns 8.75% of Sumo and holds significant stakes in many Western game publishers, such as Riot Games with League of Legends, Supercell with Clash of Clans, and Epic Games with Fortnite. Tencent even holds a 5% stake in Activision Blizzard.
The United States has initiated a security review of Tencent's $1.3 billion acquisition deal for Sumo.
According to Reuters, the US National Security Council is investigating Tencent's acquisition of the UK gaming company Sumo Group to ensure it does not harm US national security. Sumo, which has studios in the US and four other countries, stated that Tencent has agreed to provide relevant documents to obtain CFIUS approval. Tencent announced in July that it would increase its shareholding in Sumo Group. Sumo stated that they are in contact with CFIUS to obtain approval by the end of this year.
As the world's largest video game company, Tencent has been controversial for many years, but its influence remains unabated. Tencent already owns 8.75% of Sumo and holds significant stakes in many Western game publishers, such as Riot Games with League of Legends, Supercell with Clash of Clans, and Epic Games with Fortnite. Tencent even holds a 5% stake in Activision Blizzard.
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$Seatrium (S51.SG)$ a stock listed in SGX with only 8cents / share. hmmm...laugh die me.
wondering how easy the management do to make it happen....amazing sia.
wondering how easy the management do to make it happen....amazing sia.
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JiuhukiaJiuhukia
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$Seatrium (S51.SG)$ Poor-quality stock.
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JiuhukiaJiuhukia
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$OCEAN STAR TECH (08297.HK)$ It must be a scam.
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JiuhukiaJiuhukia
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$SGX (S68.SG)$ hi why i am still submiting ?
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