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Tencent Sumo Digital

Tencent is Buying Sumo Digital, the developer Behind Sackboy: A Big Adventure and Team Sonic Racing, for $1.3 Billion

Multinational tech conglomerate Tencent will buy Sumo Digital, the UK-based studio group behind Sackboy: A Big Adventure, Team Sonic Racing, and a number of other games for $1.27 billion. The two companies jointly announced the acquisition and represent another landmark deal that follows a handful of other big-name acquisitions made this year.

Tencent has already owned an 8.75% stake in Sumo Digital since 2019. Sumo…

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