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submitted 2 months ago by Jeffool@lemmy.world to c/games@lemmy.world
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[-] morrowind@lemmy.ml 1 points 2 months ago

huh, had no idea it was made by bytedance as well

[-] halcyoncmdr@lemmy.world 5 points 2 months ago

Yeah. You might want to look into some other foreign owned companies as well. Tencent owns a metric shit ton of "American" companies for instance, I bet there's several on that list that would surprise you.

[-] CosmicTurtle0@lemmy.dbzer0.com 1 points 2 months ago

I recall that tencent had like a small stake in Reddit too. Like 10% or something like that. Or am I remembering wrong?

[-] shawn1122@lemm.ee 2 points 2 months ago

As of their last filing in September it is 10 to 12%

[-] catloaf@lemm.ee -1 points 2 months ago

They invested money, I don't remember hearing that it got them any share of the company.

[-] ieatpillowtags@lemm.ee 2 points 2 months ago

That’s typically what you get in return for an investment. The only question is if it’s enough of a share to give control or at least influence.

[-] morrowind@lemmy.ml 1 points 2 months ago

Tencent I'm aware of, there was quite a bit of controversy about them a few years back

[-] halcyoncmdr@lemmy.world 2 points 2 months ago

Tencent happen to own large portions of nearly every video game company on the planet to start with, and a ton of other large companies, 600+ of them in fact. Large enough positions to directly affect board decisions if they wanted to. And that assumes overt sudden changes and not more subtle things.

[-] franklin@lemmy.world 1 points 2 months ago

dear God, please let League of Legends get banned, it would be so funny

this post was submitted on 19 Jan 2025
44 points (94.0% liked)

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