Tencent's $1.3 Billion Sumo Deal Under US Security Probe

Tencent Holdings' $1.27 billion buyout of Sumo Group is being investigated by a US national security body, the British videogame manufacturer said on Friday, in a possible setback for the Chinese internet giant.

Tencent agreed to submit guarantees to the Committee on Foreign Investment in the United States (CFIUS), which evaluates agreements to ensure they do not jeopardize national security, according to Sumo, which has studios in the United States and four other countries.