Tencent Looking To Buy Sumo Digital In $1.27 Billion Deal Eddie Makuch Tencent, the internet behemoth from China, is looking to acquire yet another game development studio. The company has revealed a proposal to purchase the British game studio Sumo Digital in a $1.27 billion deal, Tencent announced on Monday, as reported by Reuters. Sumo is a huge studio/publisher founded in 2003. It now has 10+ international studios and hundreds of developers. The company most recently released Hood: Outlaws & Legends earlier this year. The company is also known for its work on Crackdown 3, Sackboy: A Big Adventure, and more. Tencent clearly sees a lot of appeal in Sumo, as the company is a paying a 43% premium on Sumo's latest stock price. Continue Reading at GameSpot https://ift.tt/eA8V8J

Tencent, the internet behemoth from China, is looking to acquire yet another game development studio. The company has revealed a proposal to purchase the British game studio Sumo Digital in a $1.27 billion deal, Tencent announced on Monday, as reported by Reuters.

Sumo is a huge studio/publisher founded in 2003. It now has 10+ international studios and hundreds of developers. The company most recently released Hood: Outlaws & Legends earlier this year. The company is also known for its work on Crackdown 3, Sackboy: A Big Adventure, and more.

Tencent clearly sees a lot of appeal in Sumo, as the company is a paying a 43% premium on Sumo's latest stock price.

Continue Reading at GameSpot

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