By Benjamin Horney (October 29, 2021, 12:15 p.m. EDT) – The Committee on Foreign Investment in the United States has opened an investigation into Tencent’s $ 1.27 billion acquisition of British video game maker Sumo Group, Sumo announced Friday, and the companies hope to receive CFIUS approval before the end of this year.
A subsidiary of Tencent Holdings Ltd. called Sixjoy Hong Kong Ltd. agreed to buy Sumo Group PLC for about $ 1.27 billion over the summer, according to a July 19 statement from the companies. Sumo revealed in a regulatory filing on Friday that it and Tencent notified CFIUS of their deal in September, and on Thursday, CFIUS informed the companies …
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