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Added: Sharra Lazzaro - Date: 01.11.2021 12:49 - Views: 11819 - Clicks: 5385

It also controls large video game and esports interests, in a market that is expected to grow rapidly after a hiatus in caused by the coronavirus pandemic. Tencent has already completed another 10 investments in video game companies during so far, according to analysts led by Katie Cousins at Shore Capital.

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In a note they said the UK government was unlikely to intervene in the takeover, despite concerns with regard to Chinese acquisitions of British businesses such as the semiconductor manufacturer Newport Wafer Fab on national security grounds. The global market for video games is expected to falter during after bumper growth inwhen locked-down consumers turned to games.

Forecasts by Newzoo, a games data company, in May suggested that global games revenues will dip by 1. Tencent first bought shares in Sumo in November It would bring another dimension to Sumo, presenting opportunities for us to truly stamp our mark on this amazing industry, in ways which have ly been out of reach.

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Cavers and two other co-founders, Paul Porter and Darren Mills, will continue to work in the business if the deal goes through. Technology sector.

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Games titles Sumo Group has worked on include Little Orpheus. Photograph: The Chinese Room.

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Jasper Jolly. Mon 19 Jul Topics Technology sector Games China news.

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