Tencent Wants to Acquire Sumo for $1.27 Billion

The Sumo board has been offered a large amount of money. 

China's Tencent is said to acquire British videogame developer Sumo for $1.27 billion, Reuters reports. The goal of the deal is to bring together Sumo's racing and snooker games with Tencent's wider range of games.

In case you missed the news, here are some other investments by the Chinese giant: Riot Games (100%), Epic Games (40%), Dontnod (23%), Activision Blizzard (5%), Ubisoft (5%), and more.

They have also invested in PlatinumGames, Roblox, Bohemia Interactive, and a number of other well-known names. As for Sumo Digital, the company was originally founded in England in 2003. Little is known about the steps for the team. Sumo’s board "firmly believes the business will benefit from Tencent’s broad videogaming eco-system, proven industry expertise, and its strategic resources."

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