Tencent to buy British video game developer Sumo Games for $1.27B, a 43% premium on Sumo’s Friday closing price (Muvija M/Reuters) –

Muvija M / Reuters:
Tencent to buy British video game developer Sumo Games for $1.27B, a 43% premium on Sumo’s Friday closing price  —  Chinese 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.

Read More