EGW-NewsTencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Expands - Chinese Company Acquires Sumo Group for $ 1.27B
Tencent Games0
0
7167
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
Fortnite Chapter 7 May Introduce Drivable Reboot Vans and Self-Revive
488
“Squad 22: ZOV” – russia’s “Answer to Counter-Strike” That Nobody Asked For
377
Shroud Rallies Fans To Vote Arc Raiders GOTY, and It Reaches 416,517 Players All-Time Peak
635
Fortnite Players Protest Prices, Yet Sidekicks Still Dominate the Store
482
Similar News
Ubisoft and Tencent Create Vantage Studios to Develop Their Biggest Franchises
2351
Tencent Pushes Back Against Sony’s Horizon Zero Dawn Lawsuit
2059
Sony Sues Tencent Over Alleged Copy of Horizon Franchise
2379
Tencent will change the strategy of acquisition of gaming companies outside of its native China
7912
Rumor: Tencent plans to increase stake in Ubisoft
6986
Tencent bought out part of Remedy shares
6536
Comments