Move expands Chinese tech company’s presence in the global video games market
China’s Tencent has agreed to buy the British video games developer Sumo Group at a valuation of more than £900m, further expanding the tech company’s presence in the global video games market.
Sumo’s board has agreed to Tencent’s offer of 513p a share, valuing the company at £919m, it announced on Monday.
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Originally posted in the guardian.
