Tencent to acquire Sumo for 1.3 billion

[the-pi-guy]

https://www.reuters.com/world/uk/tencent-buy-british-video-game-company-sumo-13-bln-deal-2021-07-19/

Currently owns 8.75%:

Tencent owns 8.75% and is the second-biggest shareholder in Sumo, which has 14 studios in five countries and released the video games including Hotshot Racing, Sackboy: A Big Adventure and WST Snooker last year.

[kitler53]

well there goes the neighborhood

[BananaKing]

Well they suck, so I really don't care.

[Legend]

That sucks.

Well they suck, so I really don't care.

Sumo can be great. They've worked on duds but they also made Snake Pass.

[kitler53]

i thought they did a great job with sackboy's big adventure.   

i agree they haven't made the most important stuff but they have talent and a ton of studios.  i'm at least glad this didn't go to MS but i don't particularly like the chinsese influence over video games these days.   my dreams of a winnie the pooh game are dashed...


however, i'm financially invested in tencent.   wonder what that will do to the stock price today.  can't possibly go lower can it....