Tencent is going to acquire the Sumo Group for $1.27 billion (£928 million). It is a UK-established developer with 14 studios around the world. Tencent previously had a minority stake in Sumo before this, yet assuming Sumo’s investors acknowledge 513p per share (they’re currently selling for just 500p because of a 40% spike following the announcement), it will soon add it to the already tremendous rundown of developers it owns.
Tencent’s acquisitions can be difficult to monitor. Last year, this company purchased 31 gaming companies, to add to its interests in organizations like Ubisoft, Activision Blizzard, Riot, and Epic. Tencent is the world’s biggest gaming company. It is China’s second greatest tech firm. It gets greater consistently.
Sumo is maybe most popular for its long-running relationship with Sega, which has brought about some work from the studio: Outrun 2006 Coast 2 Coast was an outright wonder. Its latest delivery was Hood: Outlaws and Legends. It made the Sonic and Sega All-Stars Racing series, has fostered some nice LittleBigPlanet side projects, and has tackled jobs for-enlist on countless series, including any semblance of Hitman, Forza Horizon, and Crackdown.
