Roblox to List Publicly in March; VSPN Mulling US IPO
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TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Zynga acquires Echtra Games; AppLovin files S-1 ahead of IPO; and Vungle secures GameRefinery acquisition. Zynga acquires Echtra Games Zynga has announced the acquisition of multiplatform developer publisher Echtra Games, best known for its role in the creation of the Diablo and Torchlight franchises, for an undisclosed sum. The purchase marks the latest development in Zynga’s nascent expansion outside of its traditional mobile background, following its partnership with […]
VSPN mulling US IPO
VSPN
Shanghai-based esports solutions provider Versus Programming Network (VSPN), also known as Xi’an Quantum Sports Management Co., is considering an initial public offering on a US exchange as early as this year, according to anonymous sources speaking to Bloomberg. The plans are purportedly at an early stage and could change in terms of both date and scale, while the move would be made in order to finance its expansion in the competitive Chinese market, as well as internationally.
Earlier this year, VSPN completed the acquisition of esports production company Banana Gaming & Media, prior to securing USD$60m (£43m) in a Series B follow-on round supported by Prospect Avenue Capital (PAC), Guotai Junan International, and Nan Fung Group. This in turn followed a USD$100m raise led by Tencent in October, which was earmarked for expansion and the development of a first-party short-form video platform.
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Miniclip acquires Green Horse Games
Miniclip Green Horse
Tencent-owned mobile gaming studio Miniclip has announced that it has acquired a majority stake in Bucharest-based developer Green Horse Games, best known for its Football Rivals title. Financial terms of the acquisition have not been disclosed. The acquisition marks the second such purchase in the mobile sports sector made by Miniclip this year, having purchased independent Dutch studio Gamebasics in January, again for an undisclosed sum.
George Lemnaru, CEO of Green Horse Games, commented, “Green Horse Games has had a long- stated mission to build amazing games based on group collaboration. Welcoming Miniclip as a strategic investor is an exciting moment for us as a company and for the growing game development scene in Romania. We, as a team, are very excited to have this opportunity to work closely with our friends at Miniclip to create world class games together. I would also like to take this opportunity to thank our investors and supporters who are no longer going to be involved in the business. They have been instrumental in our success so far and, without them, we would not have been able to get to this point.”
TagsDeveloperesportsInvestmentIPO & Public OfferingM&AMobile
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