Latest Share Chat

SUMO.L Share News (SUMO)

SUMO.L Information

There is currently no data for SUMO

IN BRIEF: Sumo Group shareholders support takeover by Tencent

Fri, 10th Sep 2021 19:24

Sumo Group PLC - Sheffield, England-based video games company - Says majority of its shareholders vote in favour of its takeover by Shenzhen-based Tencent Holdings Ltd. The company says it expects the completion of the acquisition in December.

Back in July, Sumo Group has agreed to a takeover offer by Chinese technology giant Tencent at an equity valuation of GBP919 million. Existing shareholder Tencent offered 513 pence per share in cash for Sumo Group.

Tencent current stock price: HKD490.00

Year-to-date change: down 13%

Sumo Group current stock price: 485.00p

Year-to-date change: up 45%

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

14 Dec 2021 19:15

IN BRIEF: Sumo Group's takeover by Tencent gains clearance in US

1 Nov 2021 10:29

Devolver Digital eyes GBP694 million market value amid AIM float

27 Oct 2021 17:58

TRADING UPDATES: NewRiver watchdog blow; Vianet eyes resuming payouts

27 Oct 2021 09:58

Sumo Group revises and expands Clydesdale Bank facility

(Sharecast News) - Video games and entertainment design, development and publishing service provider Sumo Group has agreed a revised revolving credit facility with Clydesdale Bank, it announced on Wednesday.

4 Oct 2021 09:26

LONDON BROKER RATINGS: Upgrades for Burberry, Future and Wetherspoon

29 Sep 2021 13:22

EARNINGS UPDATES: Pittards swings to profit; Immupharma loss widens

29 Sep 2021 09:35

Sumo Group performing well as Tencent takeover looms

(Sharecast News) - Video games design, development and publishing service provider Sumo Group reported a 91.7% surge in revenue in its first half on Wednesday, to £50.4m, including the performance of Pipeworks, which it acquired in October last year.

22 Sep 2021 17:53