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Tencent buys British Sumo Group
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Old 21st July 2021, 08:46   #1
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Default Tencent buys British Sumo Group

All your post-Brexit companies are belong China now

Tencent has announced plans to buy British video game company Sumo Group for $1.27 billion.

The Chinese tech giant already owns 8.75 percent of the developer and the offer represents a 43 percent premium on Sumo's current valuation.

Sumo is based in Sheffield, England, and has carried out contract work for many of the biggest names in gaming. It developed Sony's PlayStation 5 launch title Sackboy: A Big Adventure and was the primary studio behind Microsoft's Crackdown 3 for Xbox consoles and PC. In 2017 Sumo released Snake Pass for multiple platforms, its first foray into original IP.

https://fudzilla.com/news/53250-tenc...ish-sumo-group
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