TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Zynga in talks to acquire Peak; NetEase to raise up to USD$3bn (£2.4bn); and Avalanche Studios Group to open new UK studio. Zynga in talks to acquire Peak Social game developer and services company Zynga is in advanced talks to acquire mobile games company Peak Games in a cash and shares deal which would value the latter at approximately USD$1.8bn (£1.5bn), according to a reports from Turkish media. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: CD Projekt now most valuable European game company; Amplifier Game Invest acquires DESTINYbit; and AdInMo raises USD$500,000 (£408,000). CD Projekt now most valuable European game company Warsaw-based CD Projekt SA is now the most valuable European game company, with its market capitalisation of €8.92bn (£7.97bn) surpassing that of French developer-publisher Ubisoft, which holds a value of €8.12bn (£7.25bn) at the time of writing. The Polish firm is best [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Keywords raises £100m acquisition fund; Ubisoft sues Apple and Google; and Tencent to establish North American AAA studio. Keywords raises £100m acquisition fund Keywords Studios has raised approximately £100m through the issuance of 6.9 million new ordinary shares at a placing price of £14.50, with the financing to be used to support the acquisition of video game service companies struggling as a result of the Covid-19 pandemic. Any [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Stillfront Group acquires Candywriter; Transcend Fund raises USD$50m (£40m); and UK and German market revenue figures announced. Stillfront Group acquires Candywriter Stillfront Group AB has announced that it has signed an agreement to acquire 100% of the shares in casual mobile developer-publisher Candywriter, LLC for an upfront consideration of USD$74.4m (£60.2m) in cash (USD$36.9m/£29.9m) and the issue of 708,463 Stillfront shares. Should Candywriter hit internal EBIT targets up [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Kleiner Perkins closes USD$700m (£542m) fund; Veritas raises USD$10m (£7.7m); and Improbable operating losses hit £63.7m. Kleiner Perkins closes USD$700m (£542m) fund Silicon Valley venture capital firm Kleiner Perkins has closed its largest fund to-date, KP 19, which is worth USD$700m (£542m). The fund will largely mirror that of its predecessor KP 18, in that it will support seed- and Series A-stage startups operating in the consumer, enterprise, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gismart sixth-fastest growing company in Europe; GameOn Technology raises USD$10.5m (£8.20m); Zynga facing class-action lawsuit; and Sensel raises USD$28m (£22m). Gismart named sixth-fastest growing company in Europe London-based mobile developer-publisher Gismart has been named the fastest growing gaming business, and the sixth-fastest overall, in Europe in the FT 1000 list compiled by the Financial Times. According to the figures, Gismart grew its revenue in absolute terms by 8,788.3% [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: European mobile gaming share to contract; Speedinvest raises €190m (£159.2m) fund; Sega invests in Flutin; and Xbox reveals Series X capabilities. European mobile gaming share to contract The share of revenue generated by games is expected to account for a reduced share of total European app within two years, according to a report published by Sensor Tower. Analysts are predicting that games will account for 55% of app [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: NetEase revenue up 11.2%; Dream Games raises USD$7.5m (£5.8m); and Mythical Games secures USD$19m (£14.7m) in funding. NetEase revenue up 11.2% Chinese internet and online games provider NetEase has realised revenue of CN¥14.636bn (£1.611bn) in the third quarter of 2019, representing a year-on-year increase of 11.2%, according to the company’s unaudited financial results. Gross profit also increased by 8.9% to reach CN¥7.87bn (£866m) The Guangzhou-based firm’s gaming division [...]

The United Kingdom’s games sector appears to be in rude health. As part of this week’s ongoing London Games Festival, it was revealed that the UK games market enjoyed 10% year-on-year growth through 2018. UK games industry trade body Ukie also revealed that the growth saw the UK consumer games market reach a record £5.7bn value in 2018. Ukie’s figures also show that game software revenues in the UK cleared £4bn for the first time in 2018, climbing 10.3% year-on-year to £4.01bn. [...]

This week, developer Niantic revealed that it has partnered with the United Nations to create ‘tourism experiences’ delivered as ‘real-world games’. The AR specialist studio will build titles specifically with the United Nations World Tourism Organization (UNWTO), with a view to work enhancing global tourism. Niantic, of course, created the global phenomenon that is Pokémon GO. In May 2018 alone, almost two years after the AR title’s launch, 147 million people played the game, according to Superdata. The data outfit also reported [...]