Tencent will acquire British game studio Sumo for US$1.27 billion


LittleBigPlanet 3

Sumo Group

Tencent’s territory in the game industry has further expanded.Not long ago officialconfirm, The British studio Sumo, which has produced famous works such as “Little Big Planet 3”, “Hitman 2”, and “Rolling Out of Riot 3”, has been included under its command. Tencent already owns 8.75% of Sumo shares before. On this basis, they will spend another US$1.26 billion on the acquisition.

After the transaction is completed, Tencent, which is already the world’s largest game company, will have another major game developer besides Riot. In addition, they have varying degrees of holdings in Epic Games, Activision Blizzard, Ubisoft, Bluehole, Paradox Interactive, Supercell, Grinding Gear Games, Bohemia Interactive and Yager. On Sumo’s side, its The Chinese Room and Red Kite Games also have a certain influence in the industry, especially the latter has participated in the development of the console version of “Double Point Hospital”.

However, it is worth mentioning that Tencent’s acquisition of Sumo may attract the attention of government regulators.In China last month, Tencent’s plan to merge its game live broadcast platforms Douyu and Huya was justified by the government for monopolyStop. Its investment plan in the US game industry has also been facing pressure from national security and other departments.

Posted on