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

Gizmo_Duck

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Another one bites the dust:francis:

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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
 

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Damn. Sumo worked with everybody. Ugh.

And somebody says this is healthy for the industry. :camby:
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

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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.
 

winb83

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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.
 
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