Recents in Beach

Tencent has agreed to pay $1.27 billion for British developer Sumo Digital

 Tencent has been rapidly expanding its portfolio of late, and this week's acquisition of British video game developer Sumo Digital just adds to that trend. Sumo shareholders would receive 513 pence in cash from the Chinese tech firm, a 43 percent rise over Sumo's closing price of 358 pence on July 16. The deal is worth $1.27 billion in total.

Sumo was established in 2003 and has put out a constant flow of titles from that point onward. Remarkable games created by Sumo incorporate Forza Horizon 2, LittleBigPlanet 3, Hitman and Hitman 2, and Crackdown 3, just to give some examples. 

Carl Cavers, one of the first prime supporters, said the chance to work with Tencent is one they just couldn't miss. "It would carry another measurement to Sumo, introducing openings for us to really stamp our imprint on this astonishing industry, in manners which have recently been far off," Cavers added. 

As referenced, Tencent has been very occupied recently. Before the end of last year, the organization endeavored to consolidate computer game streaming destinations Huya and DouYu, however, those plans were as of late struck somewhere near China market controllers because of antitrust concerns. Tencent prior to this year additionally collaborated with Chinese police to assist with busting a huge computer game conning activity. 

Sumo isn't the solitary British computer game engineer to change hands as of late. In December, EA declared designs to gather up Codemasters for $1.2 billion.

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