Tencent’s $1.3 billion Sumo deal comes under U.S. security probe

A U.S. national security panel is investigating Tencent Holdings’ $1.27 billion takeover of Sumo Group, the British videogame maker said on Friday, in a possible setback to the Chinese internet giant.

Sumo, which has studios in the United States and four other countries, said Tencent had agreed to offer undertakings to gain approval from the Committee on Foreign Investment in the United States (CFIUS), which assesses deals to ensure they do not hurt national security.