Chinese language firm Tencent is getting ready to accumulate Sumo Group, a British developer with 14 studios world wide, for $ 1.27 billion. Tencent already had a minority stake in Sumo earlier than, however apparently the media mogul actually desires to increase his sport studio portfolio with one thing extra attention-grabbing and greater. Tencent’s latest acquisitions are actually spectacular – the market large is actually shopping for something it might probably get its palms on. It purchased 31 sport corporations final 12 months to enrich its investments in Ubisoft, Activision Blizzard, Riot and Epic Video games.
It is the world’s largest video games firm (and China’s second-largest tech firm), rising virtually weekly. Sumo is maybe greatest recognized for his or her long-standing relationship with Sega, which resulted in some nice studio work: Outrun 2006 Coast 2 Coast was an enormous gross sales success. The final studio launch was a extremely good Hood: Outlaws & Legends sport, it additionally created the Sonic & Sega All-Stars Racing sequence, developed first rate add-ons for LittleBigPlanet, and employed loads of episodes together with Hitman, Forza Horizon and repression. Most likely, the corporate will work in the identical path, later, the revenue from gross sales of video games won’t go to the studio itself, however to the pocket of the Chinese language large, which can purchase increasingly more studios on the planet for the foreseeable future. future.