Tencent snaps up British video game developer Sumo in $1.3 bln deal
The Hindu
The deal comes days after China's market regulator decided to block Tencent's plans to merge videogame streaming sites, Huya and DouYu, on antitrust grounds.
China's Tencent will buy British video game developer Sumo in a $1.27 billion deal, it said on Monday, adding new titles to its growing portfolio of chart-topping video games. (Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) The purchase, which will boost the Chinese internet giant's presence globally, brings together Sumo's racing and snooker games with Tencent's more high-profile range of games that includes Call of Duty's mobile version.
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