Chinese tech giants are snapping up gaming studios worldwide – here are some potential ramifications
have been snapping up stakes in gaming firms beyond China's borders for years with little opposition.
"If Tencent were to buy a stake in every leading newspaper and TV company people would be up in arms, there would be political hearings etc," he added. "Instead they play the long game and they are buying the next generation's media properties without any competition."spread American values around the world and championed the country's military might
China has more gamers than any other country, making it a highly lucrative market for those that can get in. One of the reasons that U.S. and European gaming firms take investment from Chinese companies is that they're legally obliged to partner with a Chinese company before their game can be released in the country.announcing a $1.26 billion deal with TencentNeither company immediately responded when CNBC asked how, or indeed if, Tencent will influence the games that Sumo works on.
"The company could also be an invaluable partner for Tencent as it looks to push into the AAA game space itself with its own projects," said Ahmad.
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