MIDAS SHARE TIPS UPDATE: Our Sumo tip was ahead of the game

MIDAS SHARE TIPS UPDATE: Our Sumo tip was ahead of the game


When Carl Cavers started video games group Sumo in 2003, a friend lent him somewhere to work free of charge because he and his three co-founders could not afford to pay any rent. 
None of them took a salary and early employees accepted peppercorn wages, in the hope that they could work together and build up a meaningful business. 
Those hopes proved well-placed. Last week, Cavers recommended a £5.13 a share bid from Chinese tech giant Tencent, valuing Sumo at £919million. 
In the bag?: Sumo, which developed Sackboy: A Big Adventure, is set to be bought by Chinese firm Tencent
Sheffield-based Sumo has clearly come a long way in the past 18 years. The group is one of the best-known games developers in the world, counting giants such as Microsoft, Sony and Apple as customers. 

Related Keywords

China , Hong Kong , United Kingdom , Chinese , Carl Cavers , Electronic Arts , Team Sonic , Codemasters , Sony , Microsoft , Big Adventure , Team Sonic Racing , Shenzen Based Tencent , United Kingdom Government , சீனா , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , சீன , கார்ல் குகைகள் , மின்னணு கலைகள் , அணி சோனிக் , சோனி , மைக்ரோசாஃப்ட் , அணி சோனிக் பந்தய , ஒன்றுபட்டது கிஂக்டம் அரசு ,

© 2025 Vimarsana