TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Leaf Mobile in company-record quarter; VR headset sales to reach 6.4 million in 2020; and Yoplait to sponsor LDN UTD. Leaf Mobile in company-record quarter Vancouver-based Leaf Mobile, a studio which specialises in “counter-culture” themed titles, has announced company-record revenue of CAD$11.1m (£6.41m) over the third quarter ended 30th September 2020, marking the third consecutive quarter of growth for the firm. During the three months Leaf posted a [...]

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: Corsair bolsters streaming portfolio with EpocCam acquisition; WinZO raises USD$2m (£1.5m); and Scottish game industry employment up 17%. Corsair bolsters streaming portfolio with EpocCam acquisition Video game hardware company Corsair Gaming Inc. has announced that it has acquired mobile streaming software application EpocCam from Finland-based Kinoni for an undisclosed sum. The acquired product is listed on the Apple App Store and allows users to covert their iPhone or [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: TIGA reports that 2019-2020 has seen the fastest growth for the UK games industry; Esports Guild signs its first major sponsorship since its IPO; and PopReach wins investment from eWTP’s New Insight Incentive Company.   UK games industry growth at fastest ever, finds TIGA   Research from TIGA, the trade association that represents the video games industry, has found that the year 2019-2020 has seen the fastest growth for the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huya and DouYu to merge; Take-Two Interactive acquires Ruffian Games; and misleading Playrix adverts banned in the UK. Huya and DouYu to merge Chinese video game streaming firms Huya Inc. and DouYu International Holdings Ltd. have announced that they are set to merge in a stock-for-stock transaction, creating a combined entity valued at approximately USD$11bn (£8.4bn). Tencent Holdings Ltd., which currently owns stakes of 50.1% and 38% in [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sumo Group acquires Pipeworks; CD Projekt Red imposes mandatory crunch; and Guild Esports raises £18.75m. Sumo Group acquires Pipeworks UK video game holding company Sumo Group has announced the full acquisition of Oregon-based studio Pipeworks (Lake Street Labs Buyer Corp.) for a maximum consideration of USD$99.5m (£77.4m), consisting of an initial payment of USD$59.5m (£46.3m) in cash and newly issued share capital, followed by an earn-out consideration of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Gamezop raises USD$4.3m (£3.3m); Voodoo opens two APAC offices; and Keywords Studios acquires Maverick Media. Gamezop raises USD$4.3m (£3.3m) Install-less hyper-casual gaming platform Gamezop has raised USD$4.3m (£3.3m) in a Series A funding round led by BITKRAFT Ventures and supported by FJ Labs, Survam Partners, and Velo Partners. The Gamezop platform is used to integrate HTML5 titles in apps such as India Today, Firefox, Xiaomi Pay, in return [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Wave raises USD$30m (£24m); Baidu acquires Redfinger; and UK to launch APAC Digital Trade Network. Wave raises USD$30m (£24m) Los Angeles-based digital concert broadcaster Wave has raised USD$30m (£24m) in Series B funding in a round led by Maveron, with support from a host of 15 VC and angel investors, including Upfront Ventures, Raised in Space Enterprises, RRE Ventures, NTT DOCOMO Ventures, Griffin Gaming Partners, and GFR Fund. [...]

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: 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 [...]