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Tencent's $1.3 Billion Takeover Of Sumo Group Investigated By US National Security Panel
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Chinese video game giant Tencent acquired Sumo Group earlier in July this year for £919 million ($1.27 billion). It currently holds an 8.75% stake in the company whose subsidiary, Sumo Digital has developed games like Sackboy: A Big Adventure, Hood Outlaws & Legends, Crackdown 3, and Team Sonic Racing. However, the acquisition is now being investigated by a U.S. national security panel.
According to a Reuters report, "Tencent had agreed to offer undertakings to gain approval from the
Read more on thegamer.comAbout this in other media
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Yooka-Laylee developer Playtonic plots new studios following major Tencent investment gamesindustry.biz /3 years ago
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