Tencent to acquire Crackdown 3 dev Sumo Digital in $1.3 billion deal

By Sean Carey,
Chinese tech giant Tencent is set to buy UK games company Sumo Group in a deal worth a whopping $1.27 billion (£919 million), both companies have announced.

Wrecking Zone

Tencent has held an 8.75% stake in Sumo since 2019, but once this new deal is finalised, the tech giant, through its subsidiary called Sixjoy Hong Kong Limited, will become Sumo's sole owner. Sumo Group's various studios have worked on or solely developed numerous titles over the years, including Crackdown, Sackboy: A Big Adventure, Hitman, Hitman 2, Hood: Outlaws & Legends, and many more. The deal will see Sumo continue to create its own IP and its work-for-hire projects.

"The opportunity to work with Tencent is one we just couldn't miss," said Sumo Group CEO Carl Cavers (via gamesindustry.biz). It would bring another dimension to Sumo, presenting opportunities for us to truly stamp our mark on this amazing industry, in ways which have previously been out-of-reach.

"Tencent has a strong track record for backing management teams and their existing strategies. Alongside the acceleration of own-IP work, Tencent has demonstrated its commitment to backing our client work and has stated its intention to ensure that we have the necessary investment to continue focusing on work with our key strategic partners on turn-key and co-development projects."

As gamesindustry.biz points out, if the deal goes ahead as planned, Sumo will be the latest UK games company to be bought for over $1 billion. EA completed its $1.2 billion acquisition of Codemasters earlier this year.
Sean Carey
Written by Sean Carey
Hey, I’m Sean! I joined both TrueAchievements and TrueTrophies as a staff writer in 2019. I’m a big fan of the Metal Gear Solid series and love a good narrative adventure. Most evenings you’ll find me failing to get a win in Call of Duty: Warzone.