TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Keywords Studios in dual acquisition; Embracer Group secures new M&A warchest; and esports to be medalled event at 2022 Asian Games. Keywords Studios in dual acquisition Following on from yesterday’s purchase of High Voltage Software, Keywords Studios has announced the dual acquisition of video game PR agency Indigo Pearl and Italian recording studio Jinglebell for a total outlay of up to £3.63m. London-based Indigo Pearl has previously worked with [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Flexion Mobile raises SEK114m (£10m); Esports One secures USD$4m (£3m); and Gfinity acquires EpicStream. Flexion Mobile raises SEK114m (£10m) Android game distribution platform Flexion Mobile has announced that it has raised just shy of SEK114m (£10m) through a private placement of 7.713 million shares worth approximately SEK110m (£9.68m), alongside a directed share issuance of 1.438 million shares. The proceeds from the placement and directed issue will be primarily [...]

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: Thunderful Group acquires Station Interactive; MGI completes €80m (£72m) bond placement; and ACCO Brands expands into gaming with PowerA purchase. Thunderful Group acquires Station Interactive Gothenburg-based video game holding company Thunderful Group has announced that it has acquired 100% of the assets in fellow Swedish studio Station Interactive for an undisclosed sum. The acquired development house, commonly referred to as “The Station”, is best known for its in-house [...]

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: Virtuos acquires CounterPunch Studios; Mogul raises AUD$8m (£4.4m); and Unity Ads joins AppLovin and IronSource in gaming ads triopoly. Virtuos acquires CounterPunch Studios Singaporean developer Virtuos has acquired Los Angeles-based animation services provider CounterPunch Studios for an undisclosed sum. The acquired production studio is best known for its work on franchises including The Last of Us, Mortal Kombat, and Call of Duty, and will continue to operate as [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: MY.GAMES acquires Deus Craft; Embracer Group raises SEK5.78bn (£502m); and TGS Esports acquires Volcanic Media. MY.GAMES acquires Deus Craft Mail.ru Group has announced the acquisition of a controlling stake of 51.16% in Moscow-based mobile developer Deus Craft for an upfront sum of USD$14.1m through its MY.GAMES subsidiary, plus an additional earn-out consideration of a maximum USD$35m payable by April 2021, subject to the fulfilment of performance targets. The [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Amazon launches cloud gaming platform; Spectrum Labs raises USD$10m (£7.8m); and EG7 in SEK429m (£37.1m) share issuance. Amazon launches cloud gaming platform Amazon has announced that it will launch its long-rumoured cloud gaming platform, dubbed Amazon Luna. Initially the service will be available on Fire TV, PC, Mac, and Apple mobile, devices, using existing peripherals or a dedicated Luna controller. Alongside launch titles such as Resident Evil 7 [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ubisoft’s Maxime Béland resigns; Animoca Brands raises USD$4.1m (£3.3m); and Rockstar and VGD partner for AAA VR title. Ubisoft’s Maxime Béland resigns Ubisoft Vice President of Editorial Maxime Béland has resigned following allegations of sexual harassment and abusive behaviour. As well as Béland, Ubisoft has placed fellow editorial lead Tommy François on disciplinary leave pending further investigation, and has fired an unnamed individual from the company’s Toronto office [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Starbreeze to raise SEK250m (£21.8m); GP Bullhound closes €125m (£114m) fund; KAT VR passes £1m crowdfunding for Walk C treadmill. Starbreeze to raise SEK250m Stockholm-based developer Starbreeze AB has announced that it intends to raise SEK250m (£21.8m) in a new issuance of class A and B shares, as a result of delays in finding a publishing partner for its upcoming Payday 3 title due to the Covid-19 pandemic. [...]