Tencent to buy gaming company Sumo Group for $1.27 billion

Chinese holding company Tencent will buy British gaming company Sumo Group for $1. 27 billion. Now Tencent is Sumo Groups second largest shareholder (8.

75% stake) . Sumo Group is owned by 14 studios in 5 countries, employing more than 1,200 employees.

The companys best known studios are Sumo Digital (Hotshot Racing, Sackboy: A Big Adventure, Hood: Outlaws & Legends) The Chinese Room (Dear Esther, Amnesia: A Machine for Pigs, Everybodys Gone to the Rapture) Pipeworks Studios (Devil May Cry HD Collection for PS3 and Xbox 360, Terraria for PS4, Xbox One and Switch) More on Gaming New Skate wont feature at upcoming EA Play Live show New & laquo; Summer Gamesโ€ start at Overwatch as early as tomorrow Tonight Ubisoft will unveil new game in Tom Clancys universe.