[Reuters] Tencent to acquire British video game company Sumo Group in $1.3 bln deal

[Gizmo_Duck]

Another one bites the dust

July 19 (Reuters) - A unit of China's 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 company Sumo in $1.3 billion deal

 

[Pull Up the Roots]

Damn. Sumo worked with everybody. Ugh.

And somebody says this is healthy for the industry.

 

[PS5 Pro]

Damn. Sumo worked with everybody. Ugh.

And somebody says this is healthy for the industry.

If it was Sony you'd be first in line for the circle jerk. If these guys wanna make meaningful games they gotta put games out on consoles anyway. Same way Microsoft is reaching out to the PC market it would do them justice to start any new IP on as many platforms as possible then move the sequel to whatever platform they pushing

 

[Pull Up the Roots]

If it was Sony you'd be first in line for the circle jerk. If these guys wanna make meaningful games they gotta put games out on consoles anyway. Same way Microsoft is reaching out to the PC market it would do them justice to start any new IP on as many platforms as possible then move the sequel to whatever platform they pushing

Don't act like you know what I'd think. I would say the exact same thing if Sony made this purchase. I hate this kind of consolidation.

 

[bnew]

theres no anti-trust concerns with this type of deal?

 

[PS5 Pro]

Don't act like you know what I'd think. I would say the exact same thing if Sony made this purchase. I hate this kind of consolidation.

 

[winb83]

Damn. Sumo worked with everybody. Ugh.

And somebody says this is healthy for the industry.

This is the way the industry works. Almost everything works this way. It's capitalism in a nutshell the richer buy out the rich.

 

[PS5 Pro]

This is the way the industry works. Almost everything works this way. It's capitalism in a nutshell the richer buy out the rich.

And let's not forget how developers can leave if they don't like what's going on so I'm not worried about the industry. Sumo will reappear as Mosu in 3yrs

 

[Grand Conde]

This is the way the industry works. Almost everything works this way. It's capitalism in a nutshell the richer buy out the rich.

You do realise monopolisation is legislated against in a lot of industries right?

 

[Pull Up the Roots]

 

[Batsute]

theres no anti-trust concerns with this type of deal?

This is like McDonald’s buying a local chain. Sumo ain’t moving weight like that to be considered a anti-trust. They can’t even publish games.

If Tencent copped Ubisoft, Sega, or EA then that’s a problem.

 

[ultimatemike]

what games these nikkas make

 

[winb83]

You do realise monopolisation is legislated against in a lot of industries right?

It’s not monopolisation. There are too many firms in the industry for it to be that. This consolidation doesn’t suddenly give any of these giant companies a competitive advantage over the other giants. Also the industry itself is anti-consumer.

 

[Mowgli]

What games do they make

 

[winb83]

What games do they make

They made that Sackboy PS5 game.