Tencent Acquiring Sumo Digital for $1.27 Billion

The British developer "firmly believes" that its business will benefit from Tencent's "proven industry expertise and its strategic resources."

Posted By | On 19th, Jul. 2021

Sumo Digital

As reported by Reuters, Tencent will acquire Sumo Digital for $1.27 billion. Shareholders for the latter will receive 513 pence in cash per share with the company being valued a £919 million. Non-executive chairman Ian Livingstone said, “The Board of Sumo firmly believes the business will benefit from Tencent’s broad video gaming ecosystem, proven industry expertise and its strategic resources.”

Carl Cavers will continue to serve as CEO, stating that, “The opportunity to work with Tencent is one we just couldn’t miss.” Co-founders Darren Mills and Paul Porter are also remaining at the company. Sumo Digital has been known over the years for working on high-profile titles like Crackdown 3, Sackboy: A Big Adventure and Team Sonic Racing. It recently released Hood: Outlaws and Legends for multiple platforms.

As for Tencent, the China-based company has been investing in numerous studios throughout the years, including Dontnod Entertainment, Klei Entertainment, PlatinumGames and Fatshark. This is its biggest deal thus far and its 8.75 percent ownership of Sumo Digital makes it the second-largest shareholder in the company. What this means for the developer’s future projects remains to be seen but it should provide a stronger global presence for Tencent.


Tagged With: ,

Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Indiana Jones and the Great Circle Update 2 Brings More Fixes for Bugs, Lighting, and More

Indiana Jones and the Great Circle Update 2 Brings More Fixes for Bugs, Lighting, and More

The second post-launch patch for MachineGames' first-person action-adventure title has now gone live on PC and...

Exodus Gameplay Trailer Showcases Combat, Characters, and More

Exodus Gameplay Trailer Showcases Combat, Characters, and More

Archetype Entertainment's upcoming AAA sci-fi action RPG offers a first look at gameplay with its newest trail...

Suikoden 1 and 2 HD Remaster Opening Movies Revealed

Suikoden 1 and 2 HD Remaster Opening Movies Revealed

Konami's remastered compilation launches on March 6th, 2025, for Xbox Series X/S, Xbox One, PS4, PS5, PC, and ...

Borderlands 4 Will Cut Down on Borderlands 3’s Toilet Humour, Narrative Director Promises

Borderlands 4 Will Cut Down on Borderlands 3’s Toilet Humour, Narrative Director Promises

"I’m not gonna say there’s no toilets but if the word skibidi ships in the game under my watch I’m gonna...

Indiana Jones and the Great Circle Accolades Trailer Highlights Critical Acclaim

Indiana Jones and the Great Circle Accolades Trailer Highlights Critical Acclaim

MachineGames' action-adventure title is available for Xbox Series X/S and PC, with its PS5 version launching i...

Dungeons and Dragons: Dark Alliance is Getting Delisted on December 24th, Servers Shutting Down

Dungeons and Dragons: Dark Alliance is Getting Delisted on December 24th, Servers Shutting Down

Launched in 2021 to a negative reception, the hack-and-slash title and its DLC will remain playable offline fo...