- Jul 6, 2014
The US government is reportedly scrutinizing Chinese tech giant Tencent and the US gaming companies in which it has an investment interest. Bloomberg reports that the Treasury Department's Committee on Foreign Investment in the US (CFIUS) has asked companies including Epic Games and Riot Games to answer questions about their data-security standards, according to "people familiar with the matter."
Representatives for Epic and Riot were not immediately available to respond to a request for comment from Ars Technica.
The company has owned 93 percent of League of Legends developer Riot Games since 2011 (and 100 percent since 2015) and 40 percent of Epic Games since 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.
"Epic does not share user data with Tencent or any other company," Epic CEO and co-founder Tim Sweeney said in response to such concerns in a December 2018 Reddit thread. "We don’t share it, sell it, or broker access to it for advertising like so many other companies do. I’m the founder and controlling shareholder of Epic and would never allow this to happen."
Riot Games, Epic Games reportedly asked for info on data security standards.
The time has finally come.