Tencent will acquire Sumo Digital for $ 1.27 billion

Tencent will acquire sumo digital for $ 1. 27 billion

The voracious Tencent will acquire the Sumo group, a UK-based developer with 14 studios worldwide, for $ 1.272 billion (£ 928 million). thanks Guardian). Tencent already had a minority stake in Sumo before that, however, assuming Sumo shareholders accept 513p per share (currently sold for just under 500p thanks to a 40% increase after the announcement), it will soon add it to the huge list of developers it owns.

Tencent acquisitions can be difficult to control. Last year, it bought a whopping 31 video game companies to add investment to companies such as Ubisoft, Activision Blizzard, Riot and Epic. It is the largest gaming company in the world (and the second largest technology company in China) and is growing almost every week.

Sumo is perhaps best known for his long relationship with Sega, which has led to class work in the studio: Outrun 2006 Coast 2 Coast was an absolute beauty. His most recent release was Hood: Outlaws & Legends, and he also created the Sonic & Sega All-Stars Racing series, has developed some decent derivatives of LittleBigPlanet, and has done rental work on a large number of series, including mine. of Hitman, Forza Horizon and Crackdown.

Crackdown 3 angry people.

(Image credit: Microsoft)

Sumo was founded in Sheffield and was the spiritual successor to Gremlin Interactive and Infograms. All three founders came from this venerable development house and are still working at Sumo: CEO Carl Cavers confirmed in a statement that he and the others, Paul Porter and Darren Mills, are “passionate about what we do and are fully committed to continuing in our roles ".

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