TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Tencent boosts Century Huatong stake; IronSource in rumoured talks with Thoma Bravo SPAC; and EA suspends discretionary content allocation. Tencent boosts Century Huatong stake Tencent Holdings Limited has announced that it has purchased approximately 373 million shares in internet games provider Zhejiang Century Huatong Group for a total of CN¥2.785bn (£307.1m), thus becoming the second-largest shareholder in the company with total holdings of approximately 10%. Concurrently with the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox goes public at USD$38.3bn (£27.5bn) valuation; EA employee allegedly selling FUT cards; and Epic Games acquires Capturing Reality. Roblox goes public at USD$38.3bn (£27.5bn) valuation User-generated game creation platform Roblox has gone public on the New York Stock Exchange via a direct listing, garnering a closing price of USD$69.50 (£50.02) per share, representing a total valuation of USD$38.3bn (£27.5bn). This marks a notable increase from the reference [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: tinyBuild lists in £154m IPO; Blade files for bankruptcy; and GameStop establishes strategic transformation committee. tinyBuild lists in £154m IPO Seattle-based publishing group tinyBuild has completed a £154m IPO on the London Stock Exchange AIM market under the ticker TBLD, at a market capitalisation of £340.58m. According to its admission documents, the Hello Neighbor publisher generated a group operating profit of USD$2.642m (£1.9103m) from a turnover of USD$18.51m [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Dream Games raises USD$50m (£36m); Catalis considering IPO; and Corsair acquires Visuals by Impulse. Dream Games raises USD$50m (£36m) Istanbul-based mobile gaming studio Dream Games has announced that it has raised USD$50m (£36m) in a Series A funding round, representing the largest such tranche raised by a Turkish startup to-date. The round was led by Index Ventures and supported by Balderton Capital and Makers Fund, which both supported [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Roblox to list publicly in March; VSPN mulling US IPO; and Miniclip acquires Green Horse Games. Roblox to list publicly in March Roblox Corporation has amended its S1 filing with the US Securities and Exchange Commission (SEC), revealing its plans to commence share trading on the New York Stock Exchange on or around Wednesday 10th March 2021. The California-headquartered video game platform initially submitted its registration documents in [...]

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 has announced that it has acquired digital board game platform Board Game Arena (BGA) for an undisclosed sum. According to Asmodee executives, BGA has a userbase of five million players and a catalogue of 250 titles, while the platform has [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: tinyBuild adds three studios; SplashLearn raises USD$18m (£13m); and Nazara Technologies secures INR₹1bn (£9.92m) ahead of IPO. tinyBuild adds three studios Seattle-based publishing group tinyBuild has announced the acquisition of three studios across the United States and Russia, namely We’re Five Games; Hungry Couch; and Moon Moose. Financial terms for the transactions have not been disclosed, however it has been confirmed that each studio will continue to operate [...]

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 that 33,316,686 shares will be floated through its upcoming initial public offering (IPO) on the Warsaw Stock Exchange (WSE) at a price of zł50 () each, netting the studio zł1.666bn (£323.5m) at a valuation of zł4.20bn (£815m). The offering will [...]

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 [...]