CNA reports that Tencent and Sumo Digital have agreed to a US$1.27 billion (~RM5.37 billion) deal. This will see the former acquire the latter, helping the Chinese conglomerate expand its presence globally and also growing its long list of dev teams now under its umbrella. Other developers that are already subsidiaries include the likes of League of Legends developer Riot Games, and Supercell, the company behind the many mobile games like Clash of Clans.
This acquisition comes soon after Tencent’s attempt to merge its own Huya streaming service with DouYu, the shares of which it owns 37%. Speaking of which, prior to the acquisition, Tencent already owns 8.75% of shares in Sumo Digital. The acquisition of Sumo Digital is the second one Involving a UK-based developer in recent memory. The previous one was when Electronic Arts acquired Codemasters just earlier this year for a similar US$1.2 billion, outbidding previous prospective buyer Take-Two Interactive. (Source: CNA)
