Tencent to buy British video game developer Sumo Digital for $1.27B, a 43% premium on Sumo’s Friday closing price

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Tencent to buy British video game developer Sumo Games for $1.27B, a 43% premium on Sumo’s Friday closing price (Muvija M/Reuters)

Muvija M / Reuters:
Tencent to buy British video game developer Sumo Games for $1.27B, a 43% premium on Sumo’s Friday closing price — Chinese tech giant Tencent Holdings (0700.HK) will buy video game company Sumo Group (SUMO.L) in a deal that values the British firm at 919 million pounds ($1.27 billion), the companies said on Monday.

Tencent to buy British video game developer Sumo Digital for $1.27B, a 43% premium on Sumo’s Friday closing price

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