M&A Deal Summary

Tencent Holdings Acquires Sumo Group

On January 25, 2022, Tencent Holdings acquired digital media company Sumo Group for 1.3B USD

Acquisition Highlights
  • This is Tencent Holdings’ 5th transaction in the Digital Media sector.
  • This is Tencent Holdings’ largest (disclosed) transaction.
  • This is Tencent Holdings’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2022-01-25
Target Sumo Group
Sector Digital Media
Buyer(s) Tencent Holdings
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Sumo Group

Sheffield, United Kingdom
Sumo Group provides acclaimed development and design services to the video games and entertainment industries from studios in the UK, India, Canada, and the US. Sumo Group was founded in 2003 and is based in Sheffield, England.

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Buyer(S) 1

Buyer

Tencent Holdings

Shenzhen, China
Category Company
Founded 1998
Sector Internet Software and Services
Employees104,787
Revenue 609.0B CNY (2023)
DESCRIPTION

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.

DEAL STATS #
Overall 14 of 15
Sector (Digital Media) 5 of 5
Type (Add-on Acquisition) 5 of 5
Country (United Kingdom) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Turtle Rock Studios

Lake Forest, California, United States

Turtle Rock Studios is a game developer best known as the creators of Back 4 Blood, Evolve, and Left 4 Dead. Turtle Rock Studios is currently supporting its acclaimed co-op shooter, Back 4 Blood, in partnership with Warner Bros. Games. Turtle Rock Studios is based in Lake Forest, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Global Blue

Wangen-Brüttisellen, Switzerland

Global Blue is an international provider of travel-related financial services. Global Blue offers a seamless shopping and payment journey for tourists and also provides a wide range of added-value payment solutions for all the stakeholders involved, including retailers and international shoppers. Global Blue was founded in 1980 and is based in Wangen-Brüttisellen, Switzerland.

Buy -
Mergr

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