Sumo Group acquires video game services company Red Kite

Writer, Stock Market Wire
Friday, February 1, 2019 - 07:43

Video games company Sumo Group said it had completed the acquisition of Red Kite Games for £2.0m.

Red Kite was a work-for-hire studio focused on engineering and code support services.

The net consideration was around £1.5m since Red Kite had been acquired with £0.5m of cash on its balance sheet.


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