Sumo Digital will be part of the Chinese giant Tencent. The agreement is already underway, although the operation has not yet been closed. In this way, the British studio behind Sackboy: A Big Adventure (PS4 and PS5), will pay a total of $ 1.27 billion (about 1,007 million euros) if the agreement finally comes to fruition.
Tencent already owns 8.75% of the shares, making it currently the second largest shareholder in the company, which has 14 studios located in five different countries. In fact, the company has worked on multiple projects over the years. Crackdown 3, Little Big Planet 3 o Team Sonic Racing These are just a few of the games they’ve been involved in in recent years.
Projects will go ahead
If the acquisition is finally completed, Sumo will continue to work on the projects that have already been approved, of course also with other publishers. “The Sumo board firmly believe that this business will benefit for the Tencent ecosystem, which has demonstrated its experience in the industry, as well as its strategic resources, ”commented Ian Livingstote, Sumo Digital, in a statement published in Reuters.
Tencent Games is a company that is firmly positioning itself in the video game industry. It has done so through an expansion strategy, which has set its sights on foreign companies. As it is, it is owner of Riot Games, the studio behind League of Legends and Valorant. In addition, it acquired 40% of Epic Games, while also having participation in large companies such as Activision Blizzard, Ubisoft or even PlatinumGames.
According to analyst Daniel Ahmad, Tencent will support Sumo in all projects that are already signed. “For Tencent can be a valuable partner, since it is trying to launch itself in the field of triple A with its own projects ”.