Canada Tightens Foreign Takeover Rules for Video Games and VR
- Digital media scrutiny stepped up under Investment Canada Act
- Announcement cites protecting security and Canadian IP
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Canada will enhance its scrutiny of foreign investments in video games and other interactive media, seeking to block outside actors from manipulating public opinion in the country.
“Hostile state-sponsored or state-influenced actors may try to leverage foreign investments in the interactive digital media sector to spread disinformation and manipulate information,” Science and Industry Minister Francois-Philippe Champagne said Friday in a joint announcement with Canadian Heritage Minister Pascale St-Onge.