TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huuuge to raise USD$150m (£110m); Nazara files for public listing; and Playtika nets USD$1.88bn (£1.38bn) in Nasdaq IPO. Huuuge to raise USD$150m (£110m) Mobile social and casino developer Huuuge Inc. has announced that it will raise USD$150m (£110m) as part of a directed share issuance ahead of its prospective initial public offering (IPO) on the Warsaw Stock Exchange. The Polish firm submitted its prospectus in August this year, [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: EG7 to acquire Daybreak Games; Bigger Games raises USD$6m (£4m); and Krafton completes PUBG consolidation. EG7 to acquire Daybreak Games Stockholm-based video game holding company Enad Global 7 (EG7) has announced that it is set to acquire Californian developer publisher Daybreak Games, best known for its Everquest MMORPG and H1Z1 battle royale titles, for a consideration of USD$300m (£224m), USD$200m (£149m) of which will be paid in cash [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Leaf Mobile in company-record quarter; VR headset sales to reach 6.4 million in 2020; and Yoplait to sponsor LDN UTD. Leaf Mobile in company-record quarter Vancouver-based Leaf Mobile, a studio which specialises in “counter-culture” themed titles, has announced company-record revenue of CAD$11.1m (£6.41m) over the third quarter ended 30th September 2020, marking the third consecutive quarter of growth for the firm. During the three months Leaf posted a [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Take-Two submits proposal to acquire Codemasters; F1’s Norris launches esports team; and Microsoft in acquisition talks with Japanese studios. Take-Two submits proposal to acquire Codemasters Take-Two Interactive Software has submitted a non-binding proposal to acquire racing title developer-publisher Codemasters for £739.2m, approximately three-quarters of which would be paid in Take-Two share capital, and the remainder in cash. Under the regulations for UK-based public companies, Take-Two has to either [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Corsair bolsters streaming portfolio with EpocCam acquisition; WinZO raises USD$2m (£1.5m); and Scottish game industry employment up 17%. Corsair bolsters streaming portfolio with EpocCam acquisition Video game hardware company Corsair Gaming Inc. has announced that it has acquired mobile streaming software application EpocCam from Finland-based Kinoni for an undisclosed sum. The acquired product is listed on the Apple App Store and allows users to covert their iPhone or [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: TIGA reports that 2019-2020 has seen the fastest growth for the UK games industry; Esports Guild signs its first major sponsorship since its IPO; and PopReach wins investment from eWTP’s New Insight Incentive Company.   UK games industry growth at fastest ever, finds TIGA   Research from TIGA, the trade association that represents the video games industry, has found that the year 2019-2020 has seen the fastest growth for the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Kahoot raises USD$215m (£165m); Unity launches Game Growth Program; and Vungle acquires AlgoLift. Kahoot! raises USD$215m Oslo-based educational gaming company Kahoot! has announced that it has raised NOK1.978bn (USD$215.1m/£165.4m) via a private placement of 43 million shares to SoftBank Group Corp. The investment will be used by the Norwegian firm to continue development on its proprietary platform, as well as supporting its inorganic growth strategy through acquisitions. In [...]

In a demonstration of video gaming’s growing influence in other sectors, gamified fitness brands have featured prominently in investment headlines recently, perhaps most notably in the the USD$450m (£345m) funding round closed by Zwift in September. Subsequently, after several years in development, gamified combat sports brand JABII launched a crowdfunding campaign via the Indiegogo platform on Tuesday 13th October. In this exclusive interview, TheGamingEconomy speaks to JABII Group Founder and CEO Christian Thostrup (pictured below) on how the Copenhagen-based start-up is [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Huya and DouYu to merge; Take-Two Interactive acquires Ruffian Games; and misleading Playrix adverts banned in the UK. Huya and DouYu to merge Chinese video game streaming firms Huya Inc. and DouYu International Holdings Ltd. have announced that they are set to merge in a stock-for-stock transaction, creating a combined entity valued at approximately USD$11bn (£8.4bn). Tencent Holdings Ltd., which currently owns stakes of 50.1% and 38% in [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Sumo Group acquires Pipeworks; CD Projekt Red imposes mandatory crunch; and Guild Esports raises £18.75m. Sumo Group acquires Pipeworks UK video game holding company Sumo Group has announced the full acquisition of Oregon-based studio Pipeworks (Lake Street Labs Buyer Corp.) for a maximum consideration of USD$99.5m (£77.4m), consisting of an initial payment of USD$59.5m (£46.3m) in cash and newly issued share capital, followed by an earn-out consideration of [...]