China’s Tencent is investing abroad again. He acquired a 9.96% stake in Sumo Group. The latter is related to the development of Hitman 2 and Forza Horizon 2.
Crackdown 3
The seller of the shares was the investment firm Perwyn.
For the first time she invested in the main studio of the group — Sumo Digital — in 2016.
Tencent has agreed to buy back 15 million shares from her. After the completion of the transaction, Perwyn’s share in the group will decrease to 17.38%, according to Gamesindustry.biz .
As has been repeatedly reported, Tencent is striving to expand in the global market. To this end, he buys shares in Western companies, including Activision Blizzard, Blizzard, Epic Games, as well as smaller ones.
Sumo Group is a public company, the owner of Sumo Digital and nine other studios in three countries. Her income last year was almost $49 million. Sumo Digital is its main business unit. She participated in the development of Forza Horizon 2 and Hitman 2, also creating Crackdown 3 and LittleBigPlanet 3.
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