TGE Index Investment Report - Q4 & Year-End 2020
2020 highlights - Total investment and M&A activity across the video games industry tracked by the TGE Index through April-December 2020 reached USD$37.890bn from 406 disclosed transactions (501 total). Adding averaged publicly-available data for Q1 gives a full-year approximation of USD$40.572bn [...]
ESE Acquires WPG; Colossi Games Raises USD$2.5m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: ESE acquires WPG; Colossi Games raises USD$2.5m (£1.8m); and Starbreeze reduces losses in 2020. ESE acquires WPG ESE Entertainment Inc. has announced that it is set to acquire [...]
PS5 Drift Lawsuit Filed Against Sony; Final Level Raises R$8.5m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: PS5 drift lawsuit filed against Sony; Final Level raises R$8.5m (£1.1m); and redundancies at 22cans. PS5 drift lawsuit filed against Sony United States law firm Chimicles Schwartz Kriner [...]
Asmodee Acquires Board Game Arena; Mighty Kingdom Pursuing IPO
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Asmodee acquires Board Game Arena; Mighty Kingdom pursuing IPO; and 3D Aim Trainer secures €1m (£877,000). Asmodee acquires Board Game Arena Guyancourt-based board and card game distributor Asmodee [...]
EA to Acquire Glu Mobile for USD$2.4bn; Homa Games Raises USD$15m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EA to acquire Glu Mobile for USD$2.4bn (£1.7bn); Homa Games raises USD$15m (£11m); and Candivore secures USD$12m (£8.7m). EA to acquire Glu Mobile for USD$2.4bn (£1.7bn) Electronic Arts [...]
Huuuge Games Confirms IPO Pricing; Road Studio to raise zł2m
TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huuuge Games confirms IPO pricing; Road Studio to raise zł2m (£388,000); and TIGA calls for UK games investment fund. Huuuge Games confirms IPO pricing Huuuge Games has confirmed [...]
Embracer Group in USD$2.39bn Acquisition Haul; Nexters to go Public via SPAC
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 [...]
PlayStudios to List Publicly via SPAC; Stillfront Group Acquires Moonfrog
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 [...]
Nintendo Boosts Revenue Forecast to JP¥1.6tn; Sumo Group Acquires PixelAnt Games
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 [...]
Microsoft Gaming Revenue Climbs by 51%; Qiiwi Games Secures SEK66.5m
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 [...]
Jagex Reportedly Sold to Carlyle Group; Tencent Acquires Klei Entertainment
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 [...]
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