U.S. govt panel probes Tencent takeover of UK videogame maker Sumo

(Reuters) – Sumo Group said on Friday the U.S. national security panel is investigating the British videogame developer’s $1.27 billion takeover by China’s Tencent Holdings.

Sumo and Tencent are engaging with the Committee on Foreign Investment in the United States (CFIUS), which assesses deals to ensure they do not hurt national security, with the aim to get clearance for the acquisition before the end of the year, the British firm said.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Krishna Chandra Eluri)

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