TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PandaScore raises €5m (£4.5m); Armada Interactive files for bankruptcy; and ESIC sanctions 37 coaches for misconduct. PandaScore raises €5m (£4.5m) Esports data provider PandaScore has raised €5m (£4.5m) in a Series A funding round led by Serena and supported by Alven, KB Partners, and aXiomatic Gaming. The AI-powered PandaScore platform generates real-time statistics for players, coaches, and broadcasters, while also supplying live betting odds for bookmakers. Existing clients [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires SuperAwesome; Build a Rocket Boy raises £32m; Krafton merges PUBG Corp. ahead of 2021 IPO. Epic Games acquires SuperAwesome Epic Games has announced the acquisition of London-based kidtech provider SuperAwesome for an undisclosed sum. The Kids Web Services (KWS) platform built by SuperAwesome is used by developers to incorporate child-friendly services into their digital products, for example GDPR- and age-appropriate advertising. SuperAwesome counts brands such [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Amazon launches cloud gaming platform; Spectrum Labs raises USD$10m (£7.8m); and EG7 in SEK429m (£37.1m) share issuance. Amazon launches cloud gaming platform Amazon has announced that it will launch its long-rumoured cloud gaming platform, dubbed Amazon Luna. Initially the service will be available on Fire TV, PC, Mac, and Apple mobile, devices, using existing peripherals or a dedicated Luna controller. Alongside launch titles such as Resident Evil 7 [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Corsair in USD$238m (£187m) IPO; Streamloots secures €4.73m (£4.34m); and Dreamhaven launches. Corsair in USD$238m IPO Gaming hardware company Corsair Gaming Inc. has completed its initial public offering on the Nasdaq stock exchange under the ticker CRSR, with a listing price of USD$17 (£13.4) per share in the tranche of 14 million, netting the company USD$238m (£187m). This gave Corsair a valuation of approximately USD$1.3bn (£1.0bn), representing significant [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games leads USD$15m (£12m) investment in Manticore; Digital Bros. returns to profit; and GameStop shares rally on lofty investor ambitions. Epic Games leads USD$15m (£12m) investment in Manticore Epic Games has led a USD$15m (£12m) round of funding in user game creation system Manticore Games, as both companies strive towards the realisation of a video game “metaverse“. The round was supported by VC firm Benchmark and entertainment [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft acquires ZeniMax for USD$7.5bn (£5.8bn); Playco raises USD$100m (£77.7m); and Mobile Premier League secures USD$90m (£70m). Microsoft acquires ZeniMax for USD$7.5bn (£5.8bn) Microsoft has announced that it has entered into an agreement to purchase Bethesda Softworks parent company ZeniMax Media for USD$7.5bn (£5.8bn) in cash, with the transaction expected to close in the second half of the 2021-2022 financial year. The acquisition adds leading RPG and shooter [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity raises over USD$1.3bn (£1.0bn) in IPO; Supercell fined USD$8.5m (£6.6m) over patent violations; and Hypemasters receives funding from MGVC. Unity raises USD$1.3bn (£1.0bn) in IPO Unity Technologies has raised over USD$1.3bn (£1.0bn) in gross proceeds from its initial public offering (IPO) on the New York Stock Exchange, which took place on Friday, after offering the tranche of 25 million common stock at USD$52 (£40.2m) per share, above [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent gaming draws US scrutiny; Stillfront acquires Nanobit; and Bunch raises USD$20m (£15.4m). Tencent gaming draws US scrutiny The Committee on Foreign Investment in the United States (CFIUS) has sent formal enquiries to US-based video game companies in which Tencent Holdings Ltd. holds a minority or majority stake, including Epic Games and Riot Games, over their data security practices. Tencent has over 300 investments across its portfolio, including [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayStation 5 launch details revealed; Bayes raises USD$6m (£4.6m); and Keywords Studios acquires Heavy Iron Studios. PlayStation 5 launch details revealed Sony has announced that the PlayStation 5 console will launch in select markets, namely the US; Japan; Canada; Mexico; Australia; New Zealand; and South Korea, on 12th November 2020, prior to its global release a week later on 19th November. The standard PS5 will be sold with [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group acquires Vertigo Games; Zwift raises USD$450m (£349m); and Wisdom Gaming Group secures USD$3m (£2.3m). Embracer Group acquires Vertigo Games Embracer Group AB has announced that its wholly-owned subsidiary Koch Media GmbH is set to acquire Rotterdam-based VR developer-publisher Vertigo Games for an initial consideration of €50m (£46m), consisting of €40m (£37m) in cash and €10m (£9.2m) in newly issued Class B share capital. A maximum additional [...]