M&A

• THQ Nordic Sales Increase by 36%; Loot Crate Files for Bankruptcy

  4 days ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s edition: THQ Nordic sales increase by 36%, announces multiple acquisitions; Loot Crate files for bankruptcy; and US delays tariffs on China-made games consoles. THQ Nordic sales increase by 36%, announces multiple acquisitions THQ Nordic AB has released its interim report for Q1 FY 2019-2020, announcing that net sales have increased during this period by 36% year-on-year to SEK1.142bn (£99m). The growth has largely been attributed to strong sales on its [...]

• Microsoft, Nintendo and Sony to Force Publishers to Disclose Loot Box Drop Rates

  1 week ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending business stories in gaming. In today’s edition: Microsoft, Nintendo and Sony to force publishers to disclose loot box drop rates; TaxWatch alleges Activision Blizzard moves €5bn (£4.61bn) to avoid tax; and Animoca Brands posts record quarterly revenue of AUD$8.7m (£4.82m). Microsoft, Nintendo and Sony to force publishers to disclose loot box drop rates Leading console makers Microsoft, Nintendo and Sony have announced that publishers releasing games on their platforms will be forced to disclose drop [...]

---

• Facebook reportedly pursuing high-profile IP exclusives and acquisitions to bolster Oculus VR gaming

  1 month ago News

  

  Facebook is reportedly pursuing acquisitions and exclusivity deals in an effort to supply its VR hardware with big name, triple-A productions. That is according to The Information, which cites two insider sources with knowledge on the matter. One of those sources reported that deals have already been signed around Ubisoft game series like Assassin’s Creed and Tom Clancy’s Splinter Cell. The idea appears to be to bolster the fortunes and longevity of Facebook’s Oculus VR hardware range through high-profile titles. Meanwhile, the [...]

• Epic Games Acquires Houseparty; Riot Games in Trouble with Gender Discrimination Investigation

  2 months ago News

  

  TheGamingEconomy’s Daily Digest brings you the trending stories in gaming. In today’s news: Epic Games acquires social platform Houseparty; Riot Games in trouble with gender discrimination investigation; and The Esports Global Fund launches. Epic Games acquires social platform Houseparty Houseparty, the face-to-face social network, has been acquired by Fortnite and Unreal Engine creators, Epic Games. Financial terms of the deal have not been disclosed. According to the announcement from Houseparty, the deal will help the social platform connect even more friends, families [...]

• Rovio Puts £2.3m into Play Ventures Investment Fund

  5 months ago News

  

  Angry Birds outfit Rovio has announced that it has placed USD$3m (£2.3m) into the new Play Ventures fund, which hopes to initially invest in 20-25 video game companies. Play Ventures was founded last year by video game entrepreneurs Harri Manninen and Henric Suuronen, and plans to grow to offer a USD$30m (£23m) total funding pot. Play Ventures is focused on making early-stage investment in video game companies based across the world. “Our investment in Play Ventures is according to our M&A and [...]

• Intel & Tencent Partner for New Game Streaming Service

  6 months ago News

  

  Computing hardware specialist Intel and Chinese tech giant Tencent are expected to announce a co-developed game streaming service at this month’s Game Developers Conference. The likely announcement emerged after a series of tweets from Daniel Ahmad of market research and consulting business Niko Partners. Convincing images shared by Ahmad appear to show a service capable of streaming 1080p games at 60FPS with a delay of <40ms. If gaming display and streaming specifications aren’t your thing, you can be assured they promise a [...]

• The Next Gaming Giants: What We Can Learn from Recent Mobile Acquisitions

  6 months ago News

  

  In the span of five years, mobile gaming has grown from the smallest segment of the gaming market to a USD$70bn (£61.6bn) industry. It’s unsurprising then, that the past couple of years have been huge for mobile gaming acquisitions, from Zynga buying Gram Games to Niantic adding VR-focused Seismic Games. In this piece, Simon Spaull (pictured below), MD EMEA, AppLovin, charts the most significant acquisitions in the mobile gaming space of late and what they signal for the future of the [...]