High Court of Justice in England and Wales has sanctioned the acquisition of Sumo Group by the Chinese company Tencent.
Tech giant Tencent has now acquired Turtle Rock Studios, the developer of the major success that has been Back 4 Blood.
Data firm Sensor Tower reported that eight different mobile games had generated more than $1 billion in 2021.
Tencent has announced the launch of a new publishing division, Level Infinite. The division will focus primarily on games.
Tencent needs approval for its acquisition of Sumo Group from a committee in the US due to concerns over possible threats to national security.
Sumo Group has announced that it’s acquired the Bristol-based game studio Auroch Digital for at least £6 million ($8.32 million).
Tencent has announced that it’s acquired a majority stake in Stunlock Studios, a Swedish game developer.
A new office in Los Angeles has been opened by Tencent America. This will expand the tech giant’s global reach.
A minority stake in DayZ developer Bohemia Interactive has been acquired by tech giant Tencent.
Tencent has confirmed that 1 million Nintendo Switch consoles have been shipped in China since the console launched in December 2019.