Recent Deal

Foundation 9 Entertainment acquisition of Sumo Digital

Foundation 9 Entertainment has announced the buyout of UK based Sumo Digital, along with its recently established Indian development studio.

The transaction will mark F9E’s first expansion outside of North America and strengthen the company’s ability to deliver top titles across multiple gaming platforms and genres.

“The team at Sumo has done a tremendous hob building a world class studio in a relatively short amount of time,” said Jon Goldman, chairman and CEO of F9E. “By bringing them into our family of existing studios, we’re now able to tap into the vast talent pool of game developers overseas and expand the company’s presence in the sports and racing genres.”

Since its founding in 2003, Sumo has developed a number of critically acclaimed titles, and is currently working on unannounced titles for major publishers.
Sumo CEO James North-Hearn said: “We are excited to join Foundation 9 and help expand its European presence. We believe joining Foundation 9 will bring us tremendous opportunities for growth in the future, as well as the chance to offer many more great games to our publishing partners.”

Supplying legal advice to Foundation 9 was the firm Marriott Harrison.

Legal advice to Sumo Digital was under the leadership of David Ramm and Campbell Hooper. Dr Ramm said: “The deal represented a profitable exit for a relatively young games development company. It enables the team to access games publishers on a global scale and brings their expertise to the largest games market. America. Our previous experience working with US clients breaking into the European market assisted with smoothing the process and agreeing the transaction in an unusually brief period.”