LONDON: Sumo Group, the award-winning provider of creative and development services to the video games and entertainment industries, announced the strategic acquisition of PixelAnt Games based in Wroclaw. The acquisition creates an immediate presence for the Sumo Group and an established base for growth in Poland’s booming video games development industry. The video games industry…
Tag: Sumo Group
Sumo Group to buy Lake Street Labs Buyer Corp for $99.5 million
LONDON: Sumo Group has signed a contract to acquire Lake Street Labs Buyer Corp, the owner of Pipeworks for an enterprise value of up to $99.5 million, with initial consideration of $59.5 million. This initial consideration is being satisfied as to $35 million from the Group’s existing cash resources and $24.5 million through the issue…
Video game developer Sumo Group acquires Lab42 Limited for $0.6 million
LONDON: Sumo Group, the provider of creative and development services to the video games and entertainment industries, has acquired Lab42 Limited, a cross-platform work for hire studio, providing co-development and full game development services, for a total cash consideration of $0.6 million. The acquisition supports Sumo Group’s growth strategy through increased capacity, adding 29 people,…