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Tencent acquires UK video games developer Sumo Group

Monday 19 July 2021 | 16:32 CET | News
Tencent Holdings has agreed to acquire UK games developer Sumo Group in an all-cash deal at a price of GBP 5.13 per share. The deal values Sumo at around GBP 919 million. Tencent will make the acquisition through indirect wholly-owned subsidiary Sixjoy Hong Kong. The deal is expected to close in Q4 2021. 

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Categories: Internet / Mobile & Wireless
Companies: Tencent
Countries: World
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