TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity raises over USD$1.3bn (£1.0bn) in IPO; Supercell fined USD$8.5m (£6.6m) over patent violations; and Hypemasters receives funding from MGVC. Unity raises USD$1.3bn (£1.0bn) in IPO Unity Technologies has raised over USD$1.3bn (£1.0bn) in gross proceeds from its initial public offering (IPO) on the New York Stock Exchange, which took place on Friday, after offering the tranche of 25 million common stock at USD$52 (£40.2m) per share, above [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent gaming draws US scrutiny; Stillfront acquires Nanobit; and Bunch raises USD$20m (£15.4m). Tencent gaming draws US scrutiny The Committee on Foreign Investment in the United States (CFIUS) has sent formal enquiries to US-based video game companies in which Tencent Holdings Ltd. holds a minority or majority stake, including Epic Games and Riot Games, over their data security practices. Tencent has over 300 investments across its portfolio, including [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group acquires Vertigo Games; Zwift raises USD$450m (£349m); and Wisdom Gaming Group secures USD$3m (£2.3m). Embracer Group acquires Vertigo Games Embracer Group AB has announced that its wholly-owned subsidiary Koch Media GmbH is set to acquire Rotterdam-based VR developer-publisher Vertigo Games for an initial consideration of €50m (£46m), consisting of €40m (£37m) in cash and €10m (£9.2m) in newly issued Class B share capital. A maximum additional [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nvidia acquires Arm for USD$40bn (£31bn); Twitch adverts now available programmatically; and Anubis Gaming raises USD$300,000 (£234,000). Nvidia acquires Arm for USD$40bn (£31bn) Nvidia has announced that it has reached an agreement with SoftBank Group Corp. to acquire Cambridge-based chipmaker Arm for a total consideration of up to USD$40bn (£31bn), consisting of USD$21.5bn (£16.8bn) in common stock, USD$12bn (£9.4bn) in cash, USD$1.5bn (£1.2bn) in issued equity, and up [...]

TheGamingEconomy’s monthly spotlight of industry investments takes a closer look at a sample of video game transactions tracked by the TGE Index over the previous month. In the August 2020 edition: Wildlife Studio’s USD$120m (£91.8m) Series B round; Dynasty eSports’ SGD$3.1m (£1.7m) raise; and Playdots’ USD$192m (£147m) acquisition by Take-Two Interactive. Wildlife Studios Sao Paulo-based mobile developer-publisher Wildlife Studios announced on 17th August that it had raised USD$120m (£91.8m) in a Series B round led by New York investment unit Vulcan Capital, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Unity seeks over USD$1bn (£774m) from IPO; Razer customer details reportedly exposed; and Juked.gg opens crowdfunding campaign. Unity seeks over USD$1bn (£774m) from IPO Unity Technologies has set its price range for its upcoming initial public offering (IPO) on the New York Stock Exchange at between USD$34 (£26) and USD$42 (£32) per share, which would net the game engine technology firm USD$1.05bn at the upper boundary and a [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameStop posts USD$111m (£85.6m) loss; Xbox Series X launch details revealed; and Grimorio of Games and JanduSoft secure USD$450,000 (£346,900). GameStop posts USD$111m (£85.6m) loss Video game retailer GameStop has posted a net loss of USD$111.3m (£85.8m) for the second quarter of its financial year, ended 1st August 2020. Once adjusted, the net loss from continuing operations of USD$91.2m (£70.3m) through the period is significantly wider than the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Paradox Interactive staff allege poor treatment; Gameye raises USD$2.4m (£1.8m); and Apple countersues Epic Games. Paradox Interactive staff allege poor treatment Multiple employees from Paradox Interactive have accused the Swedish developer-publisher of mismanagement and poor treatment, primarily over the closure of its Sweden publishing quality assurance (QA) department. According to the anonymous members of QA staff in a report published by Rock Paper Shotgun, Paradox executives failed to [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft reveals Xbox Series S; PUBG Corp. axes Tencent India publishing contract; and WinZo raises USD$18m (£14m). Microsoft reveals Xbox Series S Microsoft has officially unveiled its next-generation Xbox Series S console in an announcement on Twitter, following an earlier leak published on Thurrot. As has been rumoured, the new device is positioned as a more affordable alternative to the Xbox Series X, at the trade-off of lower [...]

The Gaming Economy daily digest brings you the leading news from the gaming industry. In today’s edition: mobile marketing firm Consumer Acquisition warns that impending changes to Apple’s IDFA could usher in substantial job losses; e-sports platform Skillz prepares to go public; and Kaizen Gaming appoints Ioannis Koutrakos as its new marketing director.   Job losses could follow Apples’ change to IDFA, warns Consumer Acquisition   Analysis of the impending changes to Apple’s Identifier for Advertisers (IDFA) by mobile marketing firm Consumer Acquisition has [...]