Tencent Tables $1.3 Billion Takeover of Sackboy Dev Sumo Digital
Chinese juggernaut Tencent has tabled a $1.27 billion bid for British developer Sumo Digital, which has been authorized. It approach, assuming there aren’t any unexpected headaches, the Sackboy: A Big Adventure maker will grow to be a subsidiary of the WeChat app proprietor. This isnt the conglomerates first foray into video video games: it additionally owns Riot Games and has stakes within the likes of Epic Games and Dontnod, amongst many others.
The Sumo Group, which contains quite a few other studios each in the United Kingdom and in another country, will retain its present management past the proposed buyout, with Carl Cavers set to stick on as boss. The alternative to paintings with Tencent is one we simply could not omit, he mentioned, after founding the studio some 18 years in the past.
In addition to creating its personal highbrow belongings, like Snake Pass and Hotshot Racing, Sumo Digital has additionally partnered with exterior publishers like Sony, operating on video games similar to LittleBigPlanet 3. Tencents takeover shouldnt, in concept, hinder the advance of a Sackboy: A Big Adventure sequel its now not just like the Chinese organisation has its personal console to fortify, in any case.
However, that is the second one main UK-based developer to be received by means of a world organisation in 2021 by myself, following US writer EAs takeover of Codemasters previous within the yr.