EGW-NewsTencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Games0
0
7581
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:
GET 5 Free Cases, & Balance bonus 0.7 USD & Daily FREE Case & DEPO bonus up to 35% with code EGWNEWS
Bloody Case
CS:GO
Don’t miss esport news and update! Sign up and recieve weekly article digest!
Sign Up- 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
Capcom Reveals New Resident Evil Requiem For Leon S. Kennedy
189
Death Stranding 2: On the Beach Might Be Coming on PC Despite Recent Concerns
162
First Look At Sophie Turner As Lara Croft In Amazon's New Tomb Raider Series
509
IO Interactive Has Changed System Requirements for 007 First Light
396
Similar News
Ubisoft and Tencent Create Vantage Studios to Develop Their Biggest Franchises
4162
Tencent Pushes Back Against Sony’s Horizon Zero Dawn Lawsuit
2912
Sony Sues Tencent Over Alleged Copy of Horizon Franchise
3119
Tencent will change the strategy of acquisition of gaming companies outside of its native China
8475
Rumor: Tencent plans to increase stake in Ubisoft
7504
Tencent bought out part of Remedy shares
6943
Comments