Tencent has agreed to buy the rest of Sumo Group it does not already own, adding to a string of gaming investments by Chinese social media and gaming giant. The shares jumped the most on record.
Tencent is the world’s largest gaming company, with stakes in giants such as Riot Games and Epic Games. The company has said it plans to plough a larger portion of its incremental profits this year into cloud services, games and video content, to fend off competition from the likes of Bytedance and growing scrutiny from Beijing.
Sumo creates games for other publishers, including for Apple’s Arcade service. Other clients and partners include Xbox Game Studios, Electronic Arts, Activision Blizzard and Ubisoft Entertainment, according to its website. The Tencent-Sumo deal follows the sale of one of Britain’s oldest games studios, Codemasters, which Electronic Arts bought for $1.2bn in December, beating out a rival bid from Take-Two Interactive Software.
I invested R5000 with shantelll_142 by using my LUNO app and I make over R40,000 with just few steps, shantelll_142 is an account manager who can help you trade better I recommend you to her now and start earning massively today 💹
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA has sufficient fuel stocks, despite Sapref closureBut AA warns that panic-buying could make matters worse
Source: BDliveSA - 🏆 12. / 63 Read more »
DBSA fails to justify the undermining of its investment mandateThe issue at play is what qualifies as “economic development,” Jonker argues
Source: BDliveSA - 🏆 12. / 63 Read more »
DBSA fails to justify the undermining of its investment mandateThe issue at play is what qualifies as “economic development,” Jonker argues I saw several people testifying of making so much money with the help of GialuigiV on Bitcoin options trade and I dicided to gave a try and am gald he helped me and my colleagues to make allot of profit in one week , thank you for your transparency and trust
Source: BDliveSA - 🏆 12. / 63 Read more »