Technology
Tencent to Buy British Video Game Company Sumo in $1.3 Billion Deal – FX Empire
(Reuters) -Chinese tech giant Tencent Holdings will buy video game company Sumo Group in a deal that values the British firm…
Sumos shareholders will get 513 pence in cash per share, Tencent said. The offer is at 43% premium to the Sumos last closing price of 358 pence. The share has risen multifold since its listing on LSEs junior market AIM in 2017 at 100 pence.
Tencent has…
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