This morning Sumo announced the acquisition of Lab42, a cross-platform provider of co-development and full game development services, for $0.6m. The acquisition underpins growth while adding IP and new client relationships. Lab42 is a small, low-risk acquisition. We make no changes to our forecasts.
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Sumo Group (SUMO LN) - Acquisition of Lab42
- Published:
15 May 2020 -
Author:
Bob Liao, CFA -
Pages:
3
This morning Sumo announced the acquisition of Lab42, a cross-platform provider of co-development and full game development services, for $0.6m. The acquisition underpins growth while adding IP and new client relationships. Lab42 is a small, low-risk acquisition. We make no changes to our forecasts.