TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox raises USD$520m (£382m) ahead of direct listing; SuperData forecasts 2% growth for 2021; and Trump administration mulling Tencent investment ban. Roblox raises USD$520m (£382m) ahead of direct listing Online gaming platform developer Roblox Corporation has announced that it has raised USD$520m (£382m) in a Series H funding round led by US investment firms Altimeter Capital and Dragonner Investment Group, with additional support from the Investment Group of [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Thunderful Group prepares for SEK750m (£65.6m) IPO; Zynga opens new Texas studio; and LILA Games raises USD$2.8m (£2.1m). Thunderful Group prepares for SEK750m (£65.6m) IPO Following on from the news earlier in the week that it has acquired Station Interactive, Swedish developer-publisher Thunderful Group has applied to list publicly on the Nasdaq First North Premier Growth Market. The initial public offering (IPO) will consist of both [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EVOS Esports raises USD$12m (£9.3m); Alliance Entertainment acquires GameFly; and active development ceased on StarCraft II. EVOS Esports raises USD$12m (£9.3m) Singapore-based Attention Holdings, parent company of EVOS Esports, has announced that it has raised USD$12m in a Series B funding round led by Korea Investment Partners, with support from Insignia Ventures Partners, along with new investors Mirae Asset Ventures, Woowa Brothers, and Indogen Capital. The investment will [...]

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: Roblox preparing to go public; ProbablyMonsters opens RPG studio; and Torque Esports in USD$3.15m (£2.44m) partnership with Simply Mac. Roblox preparing to go public California-based gaming platform Roblox Corporation is reportedly preparing to go public and will pursue a listing on a US stock market at a valuation of approximately USD$8bn (£6.2bn). This would double the valuation it attained at its previous funding round, a USD$150m Series G [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Take-Two Interactive to acquire Playdots for USD$192m (£146m); RektGlobal buys Fearless Media; and first India-focused video games VC firm launches. Take-Two Interactive to acquire Playdots for USD$192m (£146m) Take-Two Interactive has announced that it is set to acquire mobile developer Playdots for USD$192m (£146m), comprising of USD$90m (£68m) in cash and USD$102m (£77m) in newly issued common stock shares. The acquired New York-based studio has released three titles [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Mission Control raises USD$1.75m (£1.38m); Riot Games centralises League of Legends esports; and Voltage Entertainment USA workers take strike action. Mission Control raises USD$1.75m (£1.38m) Recreational league esports platform Mission Control has announced that it has closed a USD$1.75m (£1.38m) seed funding round led by Dundee Venture Partners and supported by M25, Cultivation Capital, and MATH Venture Partners. The investment will be used by the St. Louis, Missouri-based [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sony to double PlayStation 5 production; Nifty Games opens Chicago studio; and Darewise Entertainment raises €3m (£2.7m). Sony to double PlayStation 5 production Sony Corp. has informed its manufacturing and logistics partners that it intends to double production of its PlayStation 5 console from approximately five to six million units by March 2021 to ten million devices by the close of the year, in response to increased consumer [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Focus Home Interactive acquires Deck13; Keywords purchases Coconut Lizard; and Koch Media launches Americas publishing unit. Focus Home Interactive acquires Deck13 Paris-based publisher Focus Home Interactive has acquired German developer Deck13 for a total consideration of €7.1m (£6.4m), which itself consists €6.5m (£5.9m) in cash and €0.6m (£0.5m) in treasury-held shares. The acquired firm generated €5.5m (£5.0m) in revenue in 2019, and is best known for its Lords [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Apple faces European antitrust investigation; FirstMark raises USD$650m (£515m) fund duo; and Eidos-Montréal to open Eidos-Sherbrooke. Apple faces European antitrust investigation Apple is facing a formal antitrust investigation by the European Commission over claims the California-based tech giant is stifling competition by taking a high rate of commission on payments to third-party developers through the mandatory use of its App Store in-app payment system, whilst simultaneously promoting its [...]