TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huuuge to raise USD$150m (£110m); Nazara files for public listing; and Playtika nets USD$1.88bn (£1.38bn) in Nasdaq IPO. Huuuge to raise USD$150m (£110m) Mobile social and casino developer Huuuge Inc. has announced that it will raise USD$150m (£110m) as part of a directed share issuance ahead of its prospective initial public offering (IPO) on the Warsaw Stock Exchange. The Polish firm submitted its prospectus in August this year, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Keywords Studios in dual acquisition; Embracer Group secures new M&A warchest; and esports to be medalled event at 2022 Asian Games. Keywords Studios in dual acquisition Following on from yesterday’s purchase of High Voltage Software, Keywords Studios has announced the dual acquisition of video game PR agency Indigo Pearl and Italian recording studio Jinglebell for a total outlay of up to £3.63m. London-based Indigo Pearl has previously worked with [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bombay Play raises USD$1m (£744,000); Appyfurious receives My.Games funding; and Activision Blizzard sues Netflix for alleged executive poaching. Bombay Play raises USD$1m (£744,000) Mobile social game developer Bombay Play has announced that it has secured USD$1m (£744,000) in a seed round financed wholly by video game-dedicated venture capital fund Lumikai. The Mumbai-based startup is set to use the funding for future title development and to support its existing [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EG7 to acquire Daybreak Games; Bigger Games raises USD$6m (£4m); and Krafton completes PUBG consolidation. EG7 to acquire Daybreak Games Stockholm-based video game holding company Enad Global 7 (EG7) has announced that it is set to acquire Californian developer publisher Daybreak Games, best known for its Everquest MMORPG and H1Z1 battle royale titles, for a consideration of USD$300m (£224m), USD$200m (£149m) of which will be paid in cash [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group prepares for SEK750m (£65.6m) IPO; Zynga opens new Texas studio; and LILA Games raises USD$2.8m (£2.1m). Thunderful Group prepares for SEK750m (£65.6m) IPO Following on from the news earlier in the week that it has acquired Station Interactive, Swedish developer-publisher Thunderful Group has applied to list publicly on the Nasdaq First North Premier Growth Market. The initial public offering (IPO) will consist of both [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PUBG Corp. to invest USD$100m (£75.5m) in India; Corsair acquires Gamer Sensei; and Hector Rodriguez re-acquires OpTic Gaming. PUBG Corp. to invest USD$100m (£75.5m) in India PUBG Corporation has announced that its PUBG Mobile title is set to return to the lucrative Indian market, two months after it terminated the publishing contract brokered with Shenzhen-based conglomerate Tencent Holdings following a swathe of app bans imposed by the national [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Take-Two submits proposal to acquire Codemasters; F1’s Norris launches esports team; and Microsoft in acquisition talks with Japanese studios. Take-Two submits proposal to acquire Codemasters Take-Two Interactive Software has submitted a non-binding proposal to acquire racing title developer-publisher Codemasters for £739.2m, approximately three-quarters of which would be paid in Take-Two share capital, and the remainder in cash. Under the regulations for UK-based public companies, Take-Two has to either [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: VSPN raises USD$100m (£76.6m); Koei Tecmo sales up 39.7%; and Scopely acquires Genjoy. VSPN raises USD$100m (£76.6m) Shanghai-based esports solutions provider Versus Programming Network (VSPN) has announced that it has closed a USD$100m (£76.6m) Series B round, which will be used to support the expansion of its ecosystem outside of the Chinese market as well as the development of its products, most notably its first-party short-form video platform. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Playtika files to go public; 2020 gaming ad spend reaches peak in September; and non-profit games organisation Hit Save launches.   Playtika files for IPO   Israel-based Playtika has announced that it plans to go public, having filed a confidential S-1 registration with the US Securities and Exchange Commission. The mobile games publisher had reportedly been working on filing for its initial public offering (IPO) since 2019, and like many [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EVOS Esports raises USD$12m (£9.3m); Alliance Entertainment acquires GameFly; and active development ceased on StarCraft II. EVOS Esports raises USD$12m (£9.3m) Singapore-based Attention Holdings, parent company of EVOS Esports, has announced that it has raised USD$12m in a Series B funding round led by Korea Investment Partners, with support from Insignia Ventures Partners, along with new investors Mirae Asset Ventures, Woowa Brothers, and Indogen Capital. The investment will [...]