Sumo was founded in 2003 and has put out a steady stream of titles ever since. Notable games developed by Sumo include Forza Horizon 2, LittleBigPlanet 3,…
Why it matters: Tencent has been growing its portfolio at a feverish pace as of late, and it only continues this week with the acquisition of British video game developer Sumo Digital. The Chinese tech conglomerate will pay 513 pence in cash for each Sumo share, a 43 percent increase over Sumo’s closing price of 358 pence on July 16. In total, the deal is valued at $1.
