EGW-NewsTencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Games0
0
8823
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:
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
Naughty Dog Reportedly Developed Uncharted: Drake's Fortune Remake
32
Amazon’s Life is Strange Gives a New Look at Max Caulfield and Chloe Price
376
Assassin's Creed Black Flag Resynced Duration: 25 Hours for the Main Story - 70 Hours for 100% Walkthrough
454
Pre-Orders for GTA 6 on PlayStation 5 Outpace Xbox Series X/S by a 6 to 1 Ratio
718
Similar News
Tencent Launches Sci-Fi Shooter Counter War: The Future in China
3681
Ubisoft and Tencent Create Vantage Studios to Develop Their Biggest Franchises
7034
Tencent Pushes Back Against Sony’s Horizon Zero Dawn Lawsuit
5035
Tencent will change the strategy of acquisition of gaming companies outside of its native China
10072
Rumor: Tencent plans to increase stake in Ubisoft
9003
Tencent bought out part of Remedy shares
8120
Comments