TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: AppLovin to acquire Adjust; MPL raises USD$95m (£70m); and TT Yuyin secures USD$100m (£73.2m) in Series B financing. AppLovin to acquire Adjust Mobile game publisher, marketplace, and advertising technology provider AppLovin has announced that it is set to acquire Berlin-based app measurement and marketing supplier Adjust. Financial terms of the acquisition have not been disclosed, however an anonymous source has suggested to Bloomberg that the deal is worth [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Embracer Group in USD$2.59bn (£1.89bn) acquisition haul; Nexters to go public via SPAC; and Anzu.io raises USD$9m (£6.6m). Embracer Group in USD$2.59bn (£1.89bn) acquisition haul Embracer Group has announced the acquisition of three companies, namely Borderlands developer Gearbox Entertainment; mobile studio Easybrain; and independent developer-publisher Aspyr Media, for a maximum total consideration of USD$2.593bn (£1.897bn). Firstly, Texas-based Gearbox Entertainment was secured for an initial purchase price of USD$363m [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PlayStudios to list publicly via SPAC; Stillfront Group acquires Moonfrog; and Google shutters Stadia development houses. PlayStudios to list publicly via SPAC Casual and social casino developer-publisher PlayStudios is to list publicly on the Nasdaq stock exchange at a valuation of approximately USD$1.1bn (£803m), via a merger with the Acies Acquisition Corp. (Nasdaq: ACAC) special purpose acquisition company (SPAC). Under the terms of the merger, Las Vegas-based PlayStudios [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Nintendo boosts revenue forecast to JP¥1.6tn (£11.1bn); Sumo Group acquires PixelAnt Games; Riot Games again seeking arbitration in gender discrimination lawsuit. Nintendo boosts revenue forecast to JP¥1.6tn (£11.1bn) Nintendo has increased its revenue forecast for its 2020-2021 financial year to JP¥1.6tn (£11.1bn), following a quarter in which it eclipsed its previous target of JP¥1.4tn (£9.75bn). For the nine months ended 31st December 2020, the Japanese games industry mainstay [...]

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: IDFA overhaul to land in early spring; Tencent acquires minority stake in Dontnod; and Huuuge Games sets IPO maximum price to zł1.67bn (£324m). IDFA overhaul to land in early spring Apple has announced that privacy changes to its Identifier for Advertisers (IDFA) are set to be implemented in “early spring”, upon the next beta release of its iOS 14 software. As part of the changes, users will be [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Microsoft gaming revenue climbs by 51%; Qiiwi Games secures SEK66.5m (£5.85m); and Bally’s Corporation Acquires Monkey Knife Fight. Microsoft gaming revenue climbs by 51% Microsoft has released its financial results for the second quarter, ended 31st December 2020 of its fiscal year, revealing that its gaming revenue for the quarter grew by 51% to a company-record USD$5.031bn (£3.674bn). This was driven by the release of its next-generation Xbox [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: IMVU relaunches as Together Labs; Corsair shareholders to raise USD$252m (£184m); and Brave Lamb Studio raises zł1.2m (£234,700) ahead of prospective IPO. IMVU relaunches as Together Labs Redwood City-based social gaming platform IMVU Inc. has announced that it is rebranding under the new parent company name of Together Labs, and is set to launch a mobile-based user-generated content service, WithMe Entertainment, alongside its previously eponymous avatar platform IMVU. [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Jagex reportedly sold to Carlyle Group; Tencent acquires Klei Entertainment; and IzanagiGames raises JP¥166.8m (£1.189m). Jagex reportedly sold to Carlyle Group Runescape developer Jagex has been sold to US private equity firm The Carlyle Group, according to a report published by The Telegraph. While the sale has yet to be confirmed by either party, a Jagex spokesperson has confirmed that six members of the Carlyle Group board, including [...]