TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: GameSquare to acquire Reciprocity; TinyBuild backs Hologryph by USD$3m (£2.2m); and Fyber revenue climbs by 94%. GameSquare to acquire Reciprocity Publicly-listed esports agency GameSquare Esports Inc. has announced that it has signed an agreement with fellow Canadian gaming and esports organisation Reciprocity for a minimum of 43,750,000 newly-issued shares, valued at €18.375m (£16.381m) at the time of writing, with an additional 20 million shares to be issued [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Saudi Crown Prince leads to become largest SNK shareholder; 2UP receives USD$2.8m (£2.1m) from Supercell; and CD Projekt net profit climbs by 57%. Saudi Crown Prince to become largest SNK shareholder Saudi Crown Prince Mohamed bin Salman is set to become the leading shareholder in publicly-listed South Korean software and hardware developer SNK Corporation through the Electronic Gaming Development Company (EGDC) firm held by the Mohamed bin Salman [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: eUnited and Backstageplay terminate merger agreement; Ignition Facility founded; and Light Brick Studio splits from Lego Group. eUnited and Backstageplay terminate merger agreement Los Angeles-based esports organisation eUnited and mobile entertainment and gamification platform Backstageplay, which operates out of Vancouver, have announced that they have terminated the merger agreement brokered between the firms in June this year. Prevailing market conditions and ongoing economic uncertainty driven by the ongoing [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESL and DreamHack merge; Tencent acquires “major stake” in 10 Chambers; and Nintendo piracy store to pay USD$2m (£1.6m). ESL and DreamHack merge Modern Times Group (MTG) has announced that its subsidiary esports tournament organisers ESL and DreamHack are to merge, effective as of yesterday (30th September 2020). The combined entity will operate under the ESL Gaming brand and will be led by Co-CEOs Craig Levine and Ralf [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games leads USD$15m (£12m) investment in Manticore; Digital Bros. returns to profit; and GameStop shares rally on lofty investor ambitions. Epic Games leads USD$15m (£12m) investment in Manticore Epic Games has led a USD$15m (£12m) round of funding in user game creation system Manticore Games, as both companies strive towards the realisation of a video game “metaverse“. The round was supported by VC firm Benchmark and entertainment [...]