There is a LOT to unpack in the specifics of this Trump executive order. It's going to come down to legal grey area whether this applies to investment entities, majority ownership or only wholly owned subsidiaries.

If it's any level of investment, that's Activision, Ubi as well
It's dangerous to spread rumors on this while the language is still so unclear. Claiming that Epic (Fortnite) and other companies might not be able to operate is just irresponsible until more facts are known.
At minimum, this applies to Tencent directly owned IP - Arena of Valor, PUBG Mobile.

Next level would be wholly owned entities: SUPERCELL, potentially Riot.

After that, any level of investment -- ATVI/BLZ, Epic, Ubi, etc.

Only thing that is for sure would be the first level.
Section 1(c) is important. Because nothing is defined right now. NOTHING is confirmed to be banned in 45 days. The Secretary of Commerce will define which entities this applies to 45 days from the issuance of this order. STOP SPREADING THE MISINFORMATION.
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