Tencent Acquires 10% Stake in Perwyn

November 17, 2019 0:16 pm

Beijing (PingWest)- Chinese tech giant Tencent has just acquired a 10% stake in Perwyn, the private equity business and investor which holds a 17.38% stake in Team Sonic Racing studio Sumo Digital.

After selling its shares to Tencent, Perwyn’s interest in the company will be reduced to 17.38%.

Founded in Sheffield in 2003, Sumo Digital has worked on a variety of games across mobile, console and PC.

Game titles developed by Sumo Digital include Sonic Dash 2: Sonic Boom, Snake Pass.