The Chinese technology giant Tencent has revealed its latest acquisition today in the form of the UK developer Sumo Group for $1.27 billion, according to a new report from Reuters. However, the deal isn't 100% final just yet.
Sumo Group is made up of a few subsidiaries including Sumo Digital, responsible for developing the likes of Crackdown 3, Team Sonic Racing, Sonic & All-Stars Racing Transformed and the recently released Hood: Outlaws & Legends.
Here's what Sumo's non-executive chairman Ian Livingstone had to say in the report:
"The Board of Sumo firmly believes the business will benefit from Tencent's broad videogaming eco-system, proven industry expertise and its strategic resources."
Kotaku has been told that the deal has yet to have been 100% finalised as it still requires approval from Sumo's shareholders, but assuming it all goes to plan, it should be going through pretty sharpish.
What are your thoughts on Tencent acquiring Sumo Group? Let us know down in the comments below.