Tencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Games0
0
2895
Chinese giant Tencent acquires Sumo Group. The deal between the conglomerate and the British company is worth $ 1.27 billion.
If the deal goes well, the Tencent family is expected to add 14 studios owned by the Sumo Group. These include:
- Sumo Digital by Sackboy: A Big Adventure
- The Chinese Room by Amnesia: A Machine for Pigs
- Pipeworks Studios, creators of the Devil May Cry HD Collection.
Tencent is Sumo Group's second largest shareholder. The Chinese company owns 8.75% of the shares of the British gaming company.
Leave comment
Did you like the article?
0
0
Successfully copied... Thank you for sharing our content!:
Latest News
Upcoming Genshin Impact Pyro Archon Mavuika: Abilities, Leaks, and Release Date Revealed
42
Terrifying Realistic Creeper Fan Art Takes Minecraft Community by Storm
33
Fortnite Teases New Marvel-Themed LTM: Heroes vs. Villains Coming This Week!
44
Red Dead Redemption 2 Player Discovers New Arthur and Susan Interaction After 1,400 Hours
77
Similar News
Tencent Eyes Next Big Hit with Palworld-Inspired Games Amidst Year of Setbacks
778
Elden Ring Goes Mobile: Tencent Ventures into the RPG Realm with a Portable Twist!
565
Tencent's Bold Shift: Team Kaiju's Closure Sparks Speculation as 'Team Jade' Emerges on the Horizon
1292
Tencent will change the strategy of acquisition of gaming companies outside of its native China
2570
Rumor: Tencent plans to increase stake in Ubisoft
2002
Tencent bought out part of Remedy shares
2363
BRING TO TOP
Comments