TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ironSource acquires Soomla; Zupee raises USD$10m (£7.4m); and AlgoriX launches mobile gaming division. ironSource acquires Soomla Ad monetisation platform ironSource has announced the full acquisition of fellow Tel Aviv-based firm Soomla, which specialises in ad quality measurement and user optimisation. Financial terms of the deal have not been disclosed, while Soomla will continue to offer its SaaS products as an independent subsidiary brand. The acquisition bolsters ironSource in [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft acquires Smash.gg; GreenPark Sports secures USD$14m (£10m); and VisiSonics raises USD$3.5m (£2.6m) for 3D sound technology. Microsoft acquires Smash.gg Microsoft has acquired esports tournament organisation platform Smash.gg for an undisclosed sum. The networking firm, operating out of San Francisco, will continue to operate as independent unit under the Microsoft Content Services division, bolstering the MSN Esports hub. Microsoft has yet to release further details on the acquisition, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent leads USD$25m (£19m) Lockwood Publishing round; Nintendo profit rockets by 209%; and Zynga posts record quarterly revenue. Tencent leads USD$25m (£19m) Lockwood Publishing round Lockwood Publishing, best known for its social virtual world title Avakin Life, has announced that it has secured USD$25m (£19m) in a Series A funding round led by Chinese technology conglomerate Tencent Holdings. The tranche was supported by a range of existing investors [...]

The Gaming Economy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Ragnarok accuses Bethesda and ZeniMax of complicity in allegedly sabotaging Rune 2; streaming network Venn raises $26m in series A funding; and Ghost Gaming is set to move to Atlanta after being acquired by a group of investors.   ZeniMax, Bethesda, and Roundhouse brought into Rune 2 lawsuit   Ragnarok, the publisher behind Rune 2, has accused ZeniMax Media, Bethesda Softworks, and Roundhouse Studios of deliberately sabotaging the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PandaScore raises €5m (£4.5m); Armada Interactive files for bankruptcy; and ESIC sanctions 37 coaches for misconduct. PandaScore raises €5m (£4.5m) Esports data provider PandaScore has raised €5m (£4.5m) in a Series A funding round led by Serena and supported by Alven, KB Partners, and aXiomatic Gaming. The AI-powered PandaScore platform generates real-time statistics for players, coaches, and broadcasters, while also supplying live betting odds for bookmakers. Existing clients [...]

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: Corsair in USD$238m (£187m) IPO; Streamloots secures €4.73m (£4.34m); and Dreamhaven launches. Corsair in USD$238m IPO Gaming hardware company Corsair Gaming Inc. has completed its initial public offering on the Nasdaq stock exchange under the ticker CRSR, with a listing price of USD$17 (£13.4) per share in the tranche of 14 million, netting the company USD$238m (£187m). This gave Corsair a valuation of approximately USD$1.3bn (£1.0bn), representing significant [...]

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: Gamezop raises USD$4.3m (£3.3m); Voodoo opens two APAC offices; and Keywords Studios acquires Maverick Media. Gamezop raises USD$4.3m (£3.3m) Install-less hyper-casual gaming platform Gamezop has raised USD$4.3m (£3.3m) in a Series A funding round led by BITKRAFT Ventures and supported by FJ Labs, Survam Partners, and Velo Partners. The Gamezop platform is used to integrate HTML5 titles in apps such as India Today, Firefox, Xiaomi Pay, in return [...]