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

[Mowgli]

They made that Sackboy PS5 game.

 

[The Mad Titan]

Are you not entertained?

 

[Hood Critic]

Whats the +/- on new small studios with highly regarded IPs that we'll see this generation because of all of these studio acquisitions/mergers?

 

[Mike809]

They the ones that finish developing crackdown 3.

 

[Gizmo_Duck]

I think li,e Nixxes they owned a lot of industry wide support/porting studios.

 

[PS5 Pro]

I think li,e Nixxes they owned a lot of industry wide support/porting studios.

With Microsoft working with everyone these days, they didn't see sumo as worthy to get, especially at that asking price. And they made the right move.. Avalanche studios >>> Sumo

 

[ForeverLurking]

Is Sumo really worth that much? Sincerely asking.

 

[Hood Critic]

With Microsoft working with everyone these days, they didn't see sumo as worthy to get, especially at that asking price. And they made the right move.. Avalanche studios >>> Sumo

Your specialty, wild ass speculation.

 

[4-Rin]

What games do they make

They made all the Sonic Allstars racing games

 

[Kaydigi]

They made all the Sonic Allstars racing games

the last one was horrible

 

[PS5 Pro]

Your specialty, wild ass speculation.

Remember when I speculated about the cloud before they was calling it that and said how Xbox live was too evolve into a subscription service like Comcast did with Sega in the 90s.

So here's the actual deal with this thread
Sumo was purchased by tencent. They are a double AA publisher with plans to become a AAA developer. They acquired sumo because they want to let them create AAA games for them AND They recognize how well they work on other projects and they want sumo to continue doing those types of projects on top of creating something original.

So yes, this move is good for the industry because the industry itself is toxic and would have eventually bankrupted sumo or any smaller studio that can't afford to have a failed game.

 

[NZA]

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

im assuming they will be technically headquartered in china now. out of the UK's reach.

 

[PS5 Pro]

im assuming they will be technically headquartered in china now. out of the UK's reach.

Or It is exactly what I just said in the post before yours. Sumo wasn't dismantled, they'll still make and work on titles. Think of this like EA (tencent) buying respawn (sumo)
.
Respawn didn't have to go the EA route but needed the financial backing to create games like apex legends. That's what is happening here, I understand the narrative was different but I love gaming news in general and found out the truth.

 

[levitate]

Better them than MS.