Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
July 7, 2020
arrowPress Releases

If you enjoy reading this site, you might also want to check out these UBM Tech sites:

Tencent grabs 10 percent stake in UK game company Sumo Group

Tencent grabs 10 percent stake in UK game company Sumo Group

November 15, 2019 | By Chris Kerr

Chinese company Tencent has purchased a 10 percent stake in Sumo Group, the owner of Crackdown 3  and LittleBigPlanet 3 developer Sumo Digital.  

As reported by The Yorkshire Post, Tencent acquired around 15 million shares in Sumo from private equity firm Perwyn Bidco for an undisclosed fee. The deal means Tencent now holds a 9.96 percent stake in Sumo, with Perwyn retaining a 17.38 percent stake in the company. 

Sumo Group currently has seven UK studios operating under its Sumo Digital umbrella, including Dear Esther creator The Chinese Room and work-for-hire developer Red Kite, and also owns visual design company Atomhawk. 

According to Sumo Group chief exec Carl Cavers, the two companies will now "explore co-development opportunities," with Tencent having recently expressed a desire to create console titles for audiences in the U.S. and Europe.

Related Jobs

Infinity Ward
Infinity Ward — Woodland Hills, California, United States

UI Artist (Temporary)
Health Scholars
Health Scholars — Westminster, Colorado, United States

Technical Artist
Disbelief — Cambridge, Massachusetts, United States

HB Studios
HB Studios — Lunenburg, Nova Scotia, Canada

Senior Game Designer

Loading Comments

loader image