TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Dream Games raises USD$50m (£36m); Catalis considering IPO; and Corsair acquires Visuals by Impulse. Dream Games raises USD$50m (£36m) Istanbul-based mobile gaming studio Dream Games has announced that it has raised USD$50m (£36m) in a Series A funding round, representing the largest such tranche raised by a Turkish startup to-date. The round was led by Index Ventures and supported by Balderton Capital and Makers Fund, which both supported [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: AdColony sold for USD$400m (£283m); Hiro Capital in USD$15m (£11m) funding triple; and SIE to “re-organise” Sony Japan Studio. AdColony sold for USD$400m (£283m) Mobile advertising platform AdColony has been sold by Otello to publicly-listed technology firm Digital Turbine for an estimated total consideration of USD$400m (£283m). The transaction is expected to close in March this year. The acquisition has purportedly been made by Austin-based Digital Turbine to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ironSource acquires Luna Labs; Soccer Manager raises £3m; and GameStop CFO Jim Bell resigns. ironSource acquires Luna Labs Mobile and in-game advertising platform ironSource has acquired British video and playable ad creation provider Luna Labs for an undisclosed sum. Luna Labs is best known for allowing developers to create and optimise playable ads directly from their game’s source code via the Unity engine. Its current client list includes [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox to list publicly in March; VSPN mulling US IPO; and Miniclip acquires Green Horse Games. Roblox to list publicly in March Roblox Corporation has amended its S1 filing with the US Securities and Exchange Commission (SEC), revealing its plans to commence share trading on the New York Stock Exchange on or around Wednesday 10th March 2021. The California-headquartered video game platform initially submitted its registration documents in [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Saudi Wealth Fund invests USD$3.3bn (£2.4bn) in gaming; Apple subpoenas Valve; and Netmarble acquires Kung Fu Factory. Saudi Wealth Fund invests USD$3.3bn (£2.4bn) in gaming The Public Investment Fund (PIF) of Saudi Arabia invested USD$3.3bn (£2.4bn) in three publicly-listed US gaming companies in the fourth quarter of last year, according to a quarterly filing with the US Securities and Exchange Commission (SEC). Specifically, the fund chaired by Crown [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group sales up 44%; Artie raises USD$10m (£7.2m); and Epic submits EU antitrust complaint against Apple. Embracer Group sales up 44% Embracer Group has released its financial results for the third quarter of its 2020-2021 fiscal year, revealing that its net sales increased by 44% to SEK2.168bn (), with its video game operations climbing to SEK1.356bn, up 62% year-over-year. Profitability also increased sharply, with operational EBIT near-doubling [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESE acquires WPG; Colossi Games raises USD$2.5m (£1.8m); and Starbreeze reduces losses in 2020. ESE acquires WPG ESE Entertainment Inc. has announced that it is set to acquire esports fan engagement infrastructure provider World Phoning Group (WPG) for CAD$888,019 (£504,051) in cash and 7,250,001 newly issued common shares, valued at CAD$19,357,502 (£10,987,570) at the time of writing. Following the closure of the transaction, WPG and its European subsidiaries [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Asmodee acquires Board Game Arena; Mighty Kingdom pursuing IPO; and 3D Aim Trainer secures €1m (£877,000). Asmodee acquires Board Game Arena Guyancourt-based board and card game distributor Asmodee has announced that it has acquired digital board game platform Board Game Arena (BGA) for an undisclosed sum. According to Asmodee executives, BGA has a userbase of five million players and a catalogue of 250 titles, while the platform has [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Zynga posts record revenue and loss; Tencent invests in Bohemia Interactive; and Digi Game trio secure funding from WePlay Ventures. Zynga posts record revenue and loss US mobile developer-publisher Zynga has reported company-record annual revenue of USD$1.97bn (£1.42bn) over 2020, representing a 49% increase from last year. The record takings were driven by sharp increases in user pay revenue, up 59% to USD$1.67bn (£1.21bn), and advertising revenue, which [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: tinyBuild adds three studios; SplashLearn raises USD$18m (£13m); and Nazara Technologies secures INR₹1bn (£9.92m) ahead of IPO. tinyBuild adds three studios Seattle-based publishing group tinyBuild has announced the acquisition of three studios across the United States and Russia, namely We’re Five Games; Hungry Couch; and Moon Moose. Financial terms for the transactions have not been disclosed, however it has been confirmed that each studio will continue to operate [...]