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.
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 ".
Read on for more live chat. Cavers writes about the proposed agreement: "The opportunity to work with Tencent is something we couldn't pass up. It would bring another dimension to Sumo, presenting opportunities for us to really make our mark in this amazing industry." has been out of reach ".
"Tencent has a strong track record of supporting management teams and their existing strategies. In addition to accelerating our own IP work, Tencent has demonstrated its commitment to supporting the work of our customers and has stated its intention to secure the investment needed to continue to focus on working with our key strategic partners on turnkey and co-development projects, "ending" the future of Sumo looks more exciting than ever. "
As for Tencent, there are the usual things about accelerating growth, the spirit of innovation, and providing compelling value to shareholders. So I saved it for you. Ara: Sumo? It’s time to start with another Outrun please.