Sumo has acquired The Chinese Room, an award winning independent games development studio based in Brighton, for a net consideration of £0.6m from its founders. The acquisition brings new IP in the form of two revenue generating games, as well as accelerating Sumo’s own-IP pipeline with the addition of two original concept games, one of which is at prototype demo stage. The founder, Dan Pinchbeck, has a strong creative reputation within the industry and joins Sumo Group as Creativ
14 Aug 2018
Acquisition of The Chinese Room
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Acquisition of The Chinese Room
- Published:
14 Aug 2018 -
Author:
Bob Liao, CFA -
Pages:
3
Sumo has acquired The Chinese Room, an award winning independent games development studio based in Brighton, for a net consideration of £0.6m from its founders. The acquisition brings new IP in the form of two revenue generating games, as well as accelerating Sumo’s own-IP pipeline with the addition of two original concept games, one of which is at prototype demo stage. The founder, Dan Pinchbeck, has a strong creative reputation within the industry and joins Sumo Group as Creativ