Tencent is buying British video game studio Sumo for $ 1.27 billion

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In the busy year of merging the games, another job has just been announced. Tencent is yes fully acquire Sumo Group, the British developer behind LittleBigPlanet 3 i Crackdown 3. The Chinese web giant is offering 513 pence per share for the studio, in which it already owns an 8.75 per cent stake, valuing it at $ 1.26 billion (£ 990 million).

The acquisition brings another great developer to Tencent. Tencent is already the world’s largest gaming company league of legends studies Riot Games, and has a financial stake in several publishers, including Epic Games, Activision Blizzard, Ubisoft, Bluehole, Paradox Interactive, Supercell, Grinding Gear Games, and Yager, along with the Discord chat platform. In February, the company acquired a minority position in DayZ programmer Bohemia Interactive.

But Tencent’s dominance has sparked regulatory pressure at home and abroad. Earlier this month, Chinese authorities blocked plans to merge its two live streaming websites, Douyu and Huya. Tencent also denies an agreement with the U.S. National Security Committee that would allow it to retain a stake in U.S. companies Riot games and epic games, according to to multiple reports.

Sumo acquisition gives Tencent a combination of AAA and indie content. Next to LittleBigPlanet 3 and spinoff Sackboy,, both published by Sony, Sumo was also behind Hitman 2. He is also the owner of an independent developer based in the UK Chinese room (They all went into ecstasy) and Red Kite Games, best known for port games like Two Point Hospital. In February, the studio bought Polish PixelAnt Games for £ 250,000.

“The business will benefit from Tencent’s broad video game ecosystem, proven industry expertise and its strategic resources, which will help ensure and enhance Sumo’s aspirations and long-term success,” said Ian Livingstone, Sumo’s non-executive president.

Between Microsoft acquisition of ZeniMax and EA’s agreement for Code master, 2021 is already turning into a successful year for video game consolidation. Other hot deals include Epic Games acquisition Fall Guys Mediaton study, Sony purchase Return programmer Housmarque and download Facebook BigBox VR through the Oculus arm.

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