Tencent Expands U.K. Presence With Approval on $1.25 Billion Acquisition of Sumo Games Group
Tencent, the Chinese entertainment and tech group, was given approval last week to move ahead with its planned $1.27 billion (£900 million) acquisition of games group Sumo Group. The purchase, first announced in July last year, is one of the Chinese giant’s largest moves to date in the U.K. Sumo is best known for “Sackboy: […]
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Sony Shares Rebound After Plunging in Response to Microsoft’s Acquisition of Activision Blizzard
Sony shares staged a recovery on Thursday in Japan after previously plunging on news of Microsoft’s proposed acquisition of games giant Activision Blizzard. At the Thursday lunchtime trading halt in Tokyo, Sony Group Corp. shares were priced at JPY12,860 apiece, up 3.6% from their Wednesday close of JPY12,410. On Wednesday, the shares had fallen by […]
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Sony to Buy ‘Halo’ and ‘Destiny’ Game Creator Bungie for $3.6 Billion
Sony Interactive Entertainment announced a deal to acquire Bungie, the developer behind game franchises including “Halo” and “Destiny,” for $3.6 billion. The deal will give the Sony games division access to Bungie’s “world-class approach to live game services and technology expertise,” Sony said. Bungie will continue to operate independently as a subsidiary of Sony Interactive […]
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