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The United States President Donald Trump could ban TikTok in 45 days after signing an executive order prohibiting Chinese tech giants Bytedance and Tencent from doing business in the country.
The executive order could force TikTok to shut down its operation in the U.S. or Bytedance sells TikTok to an American company that’ll take over the app like Microsoft.
The order states “any transaction that is related to WeChat by any person, or with respect to any property, subject to the jurisdiction of the United States, with Tencent Holdings Ltd. … or any subsidiary of that entity” would be prohibited in 45 days.
On August 6, Trump also signed an executive order prohibiting Tencent from doing business in the United States.
This would affect big gaming companies that are owned by Tencent like Riot Games that is 100% owned by Tencent. Riot Games is the creator of multiple popular games such as League of Legends, Valorant, TFT, and Legends of Runeterra.
Tencent also has shares in other major gaming companies. For example, Epic Games (40%), Blizzard Entertainment (5%), and Bluehole (PUBG, 11.5%.)
It is still unclear from the wording of the executive order if it’ll affect the gaming industry, if the order applies to Riot Games and other video game companies, Tencent will need to offload their U.S. operations before September 20.
Video game companies owned by Tencent will NOT be affected by this executive order!— Sam Dean 🦅 (@SamAugustDean) August 7, 2020
White House official confirmed to the LA Times that the EO only blocks transactions related to WeChat
So Riot Games (League of Legends), Epic Games (Fortnite), et al are safe
According to a report by LA Times’ Sam Dean, video games owned by Tencent will not be affected by the executive order.
This means Epic Games, Riot Games, and other companies will not be affected by the order. Only the WeChat app will be affected.