The commission determined that the acquisition did not raise competition concerns, allowing the transaction to proceed.
The move is part of a price war among Chinese tech giants including Alibaba, Baidu, Tencent and Zhipu AI.
SEA's platform is betting on genAI to enhance user experience and reduce reliance on discounts, but success is uncertain.
Michael Kratsios previously served as chief technology officer in the first Trump administration.
David Sacks’ tasks include establishing the legal structure of cryptocurrencies and leading the Presidential Council on Science and Technology.
The company plans to use the funds to expand its AI-powered products, increase its global reach and strengthen its team.
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