Sackboy developer Sumo set to be purchased via Tencent
Sumo Digital, the UK-based developer of Sackboy: A Big Adventure and Crackdown 3, is ready to be snapped up via Tencent for £919m ($1.27bn).
That be offering would see shareholders earn a 43 p.c build up in step with percentage, GamesBusiness.biz reported, and managers at Sumo are willing for the deal to head forward.
Tencent up to now owned an 8.75 p.c stake in Sumo, whose advancement credit additionally come with further paintings on Forza Horizon 2, LittleBigPlanet 3, Disney Infinity and Team Sonic Racing.
Sumo has places of work throughout the United Kingdom in Sheffield, Nottingham, Newcastle, Leamington Spa and Warrington, and could also be the father or mother corporate of The Chinese Room, developer of Everybody’s Gone to the Rapture.
On best of the ones, Sumo additionally owns the Oregon-based Pipeworks, which fits on console variations of Terraria, plus Atomhawk, Lab42, PixelAnt, Red Kite Games and Sumo Pune.
“The opportunity to work with Tencent is one we just couldn’t miss. It would bring another dimension to Sumo, presenting opportunities for us to truly stamp our mark on this amazing industry, in ways which have previously been out-of-reach,” Sumo boss Carl Cavers stated. “Tencent has a strong track record for backing management teams and their existing strategies.
“Alongside the acceleration of own-IP paintings, Tencent has demonstrated its dedication to backing our consumer paintings and has said its goal to make certain that now we have the vital funding to proceed specializing in paintings with our key strategic companions on turn-key and co-development initiatives.”
Sumo is the newest corporate to catch the attention of Tencent, the Chinese conglomerate with an extended checklist of investments within the video video games trade.
Its affect inside the video video games trade has grown impulsively over the last few years, with funding in Ubisoft, Epic Games, Remedy, Sumo, Marvelous, Dontnod, Klei, Platinum, Bohemia Interactive, Roblox and Krafton, plus possession of Funcom, Sharkmob, Riot Games and its personal monumental Timi Studios, the developer in the back of smartphone titans Call of Duty Mobile and the impending Pokémon Unite.