Sumo Digital, the UK-based developer of Sackboy: A Big Adventure and Crackdown 3, is set to be snapped up by Tencent for £919m ($1.27bn).
That offer would see shareholders earn a 43 percent increase per share, GamesIndustry.biz reported, and bosses at Sumo are keen for the deal to go ahead.
Tencent previously owned an 8.75 percent stake in Sumo, whose development credits also include additional work on Forza Horizon 2, LittleBigPlanet 3, Disney Infinity and Team Sonic Racing.
Sumo has offices across the UK in Sheffield, Nottingham, Newcastle, Leamington Spa and Warrington, and is also the parent company of The Chinese Room, developer of Everybody’s Gone to the Rapture.
On top of those, Sumo also owns the Oregon-based Pipeworks, which works on console versions of Terraria, plus Atomhawk, Lab42, PixelAnt, Red Kite Games and Sumo Pune.
“The opportunity to work with Tencent is one we just couldn’t miss. It would bring another dimension to Sumo, presenting opportunities for us to truly stamp our mark on this amazing industry, in ways which have previously been out-of-reach,” Sumo boss Carl Cavers said. “Tencent has a strong track record for backing management teams and their existing strategies.