TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Digital Bros moves to acquire Starbreeze; US game content generates USD$35.4bn (£27.0bn) in 2019; and Media and Games Invest acquires Verve assets. Digital Bros moves to acquire Starbreeze Milan-based entertainment firm Digital Bros has made a potential move to acquire Swedish developer Starbreeze, with the board authorising chairman Abramo Galante to purchase the assets in the Swedish publisher currently held by Korean developer publisher Smilegate Holdings, in a deal [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent set to acquire Funcom for USD$148m (£114m); AppsFlyer raises USD$210m (£161m); Stillfront Group acquires Storm8 for USD$300m (£230m); and US state intervention attempt on Riot Games discrimination lawsuit. Tencent set to acquire Funcom Tencent Holdings Limited has made a formal offer to acquire the remainder of shares it does not currently own in Funcom SE, in an all-cash bid valuing the developer-publisher at NOK 1.33bn (£114m), which has [...]

TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Tencent to invest away from gaming; ByteDance to enter core gaming; and Rockstar claimed £37.6m in VGTR in 2019. Tencent to invest away from gaming Tencent Holdings executives are planning to diversify its investment strategy away from focusing on gaming and will look to fund retail and payment platforms to support its WeChat offering, according to comments made by the Shenzhen-based firm’s president Martin Lau. Speaking to over 500 [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Mobile gaming to surpass USD$100bn (£76.8bn) in 2020; stable year for video games on Kickstarter; and Star Wars mobile games pass USD$1bn (£768m). Mobile gaming to surpass USD$100bn (£76.8bn) in 2020 Mobile gaming is forecast to generate over USD$100bn (£76.8bn) globally this year, according to the State of Mobile 2020 report released by App Annie. Through 2019, mobile gaming saw 25% more consumer spend than console and PC [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Miniclip to acquire Ilyon Games; new Switch console rumoured for mid-2020; and Tencent invests in Platinum Games. Miniclip to acquire Ilyon Games Tencent-owned Miniclip has reached an agreement to acquire Israeli mobile game developer Ilyon Dynamics Ltd. for a total consideration of USD$100m (£76.2m), according to sources speaking to The Marker. Ilyon, founded in 2013, is best known for developing free-to-play casual titles such as Power Pop Bubbles, [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Games grew 4% in 2019 to USD$120.1bn (£91.8bn); Razer applies for Digital Full Bank License in Singapore; and Xiaomi set to invest CNY¥50bn (£5.5bn) in AI, 5G and IoT. Games grew 4% in 2019 to USD$120.1bn (£91.8bn) Games globally generated USD$120.1bn (£91.8bn) in 2019, marking 3% growth from the previous year. Strikingly, Fortnite alone accounted for USD$1.8bn (£1.4bn) of the total revenues, assertion its position as a bona fide [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Tencent Nintendo Switch sells 50,000 units on release; GameStop posts net loss of USD$83.4m (£63.4m); and Gosu.ai raises USD$2.8m (£2.1m). Tencent Nintendo Switch sells 50,000 units on release The Tencent Nintendo Switch sold more than 50,000 units in China on its release day of 10th December 2019, according to estimates compiled by Niko Partners. Retailer JD.com reported 105,000 reservations and 20,000 actual sales, with Tmail reportedly having sold [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: iDream Sky in talks to acquire Leyou for USD$1.4bn (£1.1bn); PatronGG raises USD$1m (£760,000); and MLB The Show to debut on non-Sony consoles. iDreamSky in talks to acquire Leyou for USD$1.4bn (£1.1bn) iDreamSky Technology Holdings Ltd. has entered exclusive talks to purchase Leyou Technologies Holdings Ltd. for a sum of approximately USD$1.4bn (£1.1bn), according to sources speaking to Bloomberg on condition of anonymity. Leyou executives have been contemplating [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Qualcomm and Niantic collaborating on new AR glasses; Wildlife Studios raises USD$60m (£45.7m) for mobile portfolio; Gameloft closes UK studio. Qualcomm and Niantic collaborating on new AR glasses The studio behind the phenomenally popular augmented reality mobile game Pokémon GO is working with semiconductor and telecommunications equipment giant Qualcomm to develop a new AR headset. While Pokémon GO was pivotal in introducing mobile to the masses, as highlighted by [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Nintendo Switch to launch in China on December 10th; Mario Kart Tour is most downloaded game of 2019; and Owlcat Games raises USD$1m (£770,000). Nintendo Switch to launch in China on December 10th The Nintendo Switch will launch in China on Tuesday December 10th, according to an official news briefing which took place this morning. The console, which will be marketed as “The Tencent Nintendo Switch” will be [...]