Epic Games Has Bigger Problems Than It’s Fight With Apple

Fun fact. Epic Games has a Chinese company that owns 40% of the company. That Chinese company is Tencent who owns portions of many American businesses including Epic. And they’re now under investigation by US authorities on orders of President Trump:

The Trump administration has asked gaming companies to provide information about their data-security protocols involving Chinese technology giant Tencent Holdings Ltd., people familiar with the matter said.

The Committee on Foreign Investment in the U.S., which is chaired by the Treasury Department, has sent letters to companies, including Epic Games Inc., Riot Games and others, to inquire about their security protocols in handling Americans’ personal data, said the people, who asked not to be named because the discussions are private.

Tencent, the world’s largest gaming company, owns Los Angeles-based Riot and has a 40% stake in Epic, which is the maker of the popular video game Fortnite. Representatives for the companies declined to comment or didn’t immediately respond. The Treasury Department declined to comment.

Well, Epic’s fight with Apple over Fortnite now seems to be the least of their problems. If I were Epic, I’d focus on what is important as I would assume that being associated with a Chinese company in the current company is not going to be too good for Epic in long term. And if Epic would have to divest the Tencent investment, that would really hurt.

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