There was a time when Sony was America’s go-to electronics company. Its stereos, TVs, car stereos, and tape decks were state of the art. Its name was emblazoned on the scoreboard at Dodger Stadium, a cathedral of America’s pastime — the story went that Sony bought the scoreboard for the Dodgers and…
As the BBC’s China media analyst, Kerry Allen,, Tencent “has a business model that other Chinese companies can only envy — it can reach an audience of, basically, everyone.”
By blocking a harmless merger, the Biden administration would be using its power to effectively help block the private marketplace competition that would shrink the size of the CCP’s large gaming data net. Indeed, the Biden Federal Trade Commission voted 3-1 to advance Sony’s complaint, which is not determinative but is often influential in governmental merger decisions.
American business and government leaders, including the Biden administration, have recently turned a critical eye toward dealings with Chinese firms thanks to recent events, including the spy balloon that traversed the country. Some seek to ban TikTok, while others are demanding increased divestment from CCP interests.
Time will tell whether this Biden FTC challenge is ultimately successful, but let’s hope not. China already gains enough power, data, and ground against the United States on its own accord. The last thing the U.S. needs is for its policymakers to do Xi Jinping's dirty work for him.
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