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Chinese company Tencent has purchased a 10 percent stake in Sumo Group, the owner of _Crackdown 3_  and LittleBigPlanet 3 developer Sumo Digital. Â

Chris Kerr, News Editor

November 15, 2019

1 Min Read

Chinese company Tencent has purchased a 10 percent stake in Sumo Group, the owner of Crackdown 3  and LittleBigPlanet 3 developer Sumo Digital.  

As reported by The Yorkshire Post, Tencent acquired around 15 million shares in Sumo from private equity firm Perwyn Bidco for an undisclosed fee. The deal means Tencent now holds a 9.96 percent stake in Sumo, with Perwyn retaining a 17.38 percent stake in the company. 

Sumo Group currently has seven UK studios operating under its Sumo Digital umbrella, including Dear Esther creator The Chinese Room and work-for-hire developer Red Kite, and also owns visual design company Atomhawk. 

According to Sumo Group chief exec Carl Cavers, the two companies will now "explore co-development opportunities," with Tencent having recently expressed a desire to create console titles for audiences in the U.S. and Europe.

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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