TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Zynga in talks to acquire Peak; NetEase to raise up to USD$3bn (£2.4bn); and Avalanche Studios Group to open new UK studio. Zynga in talks to acquire Peak Social game developer and services company Zynga is in advanced talks to acquire mobile games company Peak Games in a cash and shares deal which would value the latter at approximately USD$1.8bn (£1.5bn), according to a reports from Turkish media. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Bilibili to raise USD$650m (£529m); Three Gates acquires majority stake in Tivola Games; and Kippo secures USD$2m (£1.6m) seed funding. Bilibili to raise USD$650m (£529m) Chinese streaming platform Bilibili has announced that it aims to raise a minimum of USD$650m (£529m) through the issuance of convertible senior notes for its American depository shares (ADS), with the bonds set to mature on 15th June 2027. Initial purchasers will also [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Keywords raises £100m acquisition fund; Ubisoft sues Apple and Google; and Tencent to establish North American AAA studio. Keywords raises £100m acquisition fund Keywords Studios has raised approximately £100m through the issuance of 6.9 million new ordinary shares at a placing price of £14.50, with the financing to be used to support the acquisition of video game service companies struggling as a result of the Covid-19 pandemic. Any [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ValueAct gains USD$1.1bn (£891m) stake in Nintendo; US game sales up 35%; and Boost VC closes USD$40m (£32m) fund. US game sales up 35% US consumer spend across video game hardware, software, and accessories, increased by 35% during March 2020 when compared to last year, reaching USD$1.6bn (£1.3bn), according to estimates released by The NPD Group. Despite being the most lucrative March for the US video games industry [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group raises SEK1.65bn (£133m); N3TWORK opens USD$50m (£40m) developer growth fund; and Quest Ventures raises USD$50m (£40m) VC fund. Embracer Group raises SEK1.65bn (£133m) Embracer Group AB has announced that it has raised SEK1.65bn (£133m) through the direct issuance of 18.5 million Class B shares, approximately 5% of total outstanding share capital. According to the Karlstad-based holding group, over 100 firms subscribed to the issue, including Skandia, [...]