TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Theorycraft Games raises USD$37.5m (£26.9m); Motorsport Games to acquire Studio397; and chat platform Stream secures USD$38m (£27.3m). Theorycraft Games raises USD$37.5m (£26.9m) Seattle and Los Angeles-based studio Theorycraft Games has raised USD$37.5m (£26.9m) in a Series A funding round led by Chinese gaming and internet company NetEase, and supported by NEA; BITKRAFT Ventures; Griffin Gaming Partners; SISU Game Ventures, and various angel investors. Theorycraft, which was founded by [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Zynga acquires Echtra Games; AppLovin files S-1 ahead of IPO; and Vungle secures GameRefinery acquisition. Zynga acquires Echtra Games Zynga has announced the acquisition of multiplatform developer publisher Echtra Games, best known for its role in the creation of the Diablo and Torchlight franchises, for an undisclosed sum. The purchase marks the latest development in Zynga’s nascent expansion outside of its traditional mobile background, following its partnership with [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox to delay listing for second time; Buildbox raises USD$20m (£14.6m); and Pocket Worlds secures USD$7m (£5.1m) for mobile MMO. Roblox to delay listing for second time Roblox Corporation has delayed its plans to publicly list its shares on the New York Stock Exchange in February, after falling under the scrutiny of the US Securities and Exchange Commission (SEC) over how it categorises revenue generated via the sale [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Opera acquires YoYo Games; multiple studios fined for geoblocking; and Visionary Realms secures seven-figure investment. Opera acquires YoYo Games Internet browser developer Opera has announced that it has acquired Dundee-based YoYo Games for approximately USD$10m (£7.3m). The acquired firm, which operates 2D game engine GameMaker Studio, will be combined with gamer-oriented browser Opera GX in a new subsidiary division, termed Opera Gaming. GameMakerStudio increased its userbase by 400,000 [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Epic Games acquires Rad Game Tools; Tapjoy reaches settlement with the FTC; and Juked closes crowdfunding campaign at USD$1.07m (£788,000). Epic Games acquires Rad Game Tools Epic Games has announced that it has acquired Rad Game Tools, a software development operating out of Kirkland, Washington, for an undisclosed sum. Executives have confirmed that RAD’s technology is set to be integrated within Epic’s Unreal Engine, while the acquiree will [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Discord raises USD$100m (£74.7m); Unity partners with Snap; and Rec Room secures USD$20m (£15m). Discord raises USD$100m (£74.7m) Gaming-centric voice chat app Discord has announced that it has raised USD$100m (£74.7m) in Series H funding at a valuation of USD$7bn (£5.2bn). The tranche was led by Greenoaks Capital and supported by Index Ventures, and there is potential for the round to be extended by a further USD$40m (£29m) [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Parsec raises USD$25m (£19m); Keywords Studios acquires High Voltage; and UK MPs propose ban on resale of bot-bought consoles. Parsec raises USD$25m (£19m) Remote desktop technology and video game streaming firm Parsec has raised USD$25m (£19m) in a Series B financing round led by Andreessen Horowitz and supported by a host of previous backers including Lerer Hippeau, Makers Fund, NextView Ventures and Notation Capital. The investment is set [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox acquires Loom.ai; SteelSeries in KontrolFreek buyout; and eBay scalping market for consoles, GPUs, and CPUs, calculated at USD$82m (£64m). Roblox acquires Loom.ai Online gaming platform Roblox Corporation has announced that it has acquired digital avatar and facial animation company Loom.ai for an undisclosed sum. The technology belonging to San Fransisco-based Loom is now set to be used within the Roblox platform, with executives citing opportunities in social [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Rollic acquires Onnect from CHEF Game Studio; Metafy raises USD$3m (£2.2m); and Sigma Resources acquires Simcoach Games. Rollic acquires Onnect from CHEF Game Studio Istanbul-based developer-publisher Rollic has announced that it has acquired the Onnect pair-matching title from fellow Turkish outfit CHEF Game Studio for an initial USD$6m (£4.5m), potentially to be followed by an additional USD$1m (£751,000). Rollic, which was itself bought by Zynga earlier this year [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: US Senator proposes prison for streaming copyright violators; Salad Technologies raises USD$3.2m (£2.4m); and Nintendo shifts 1.3 million Switch consoles in China. US Senator proposes prison for streaming copyright violators United States Senator Thom Tillis has filed an incendiary amendment to the controversial CASE act being pushed through Congress as part of last-minute measures to prevent a government shutdown tomorrow (11th December 2020), which proposes streaming copyrighted material [...]