Comments 4

Re: Tencent Set To Acquire UK Developer Sumo Group For Over £900m

jellytotz

People baffled by the evaluation shouldn't be. A lot of Chinese companies are buying total ownership or shares within western companies (not just gaming), especially at inflated prices, are not for the interest of the company or consumers. The main reason a lot of them are buying into western companies is to launder money due to recent Chinese regulations. China buying into western companies has surged in recent years due to laundering needs.