Tencent Paying $1.27 Billion for Sumo U.K. Games Developer

Chinese social media and entertainment giant Tencent is adding to its already huge portfolio of games studios with an agreed deal to buy U.K.-based game developer Sumo. The deal is valued at £919 million or $1.27 billion. Sumo is best known for “Sackboy: A Big Adventure,” a title published by Sony, as well as racing games […]

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