On Monday (1st June 2020), Zynga announced that it would acquire Istanbul-based Peak for a total consideration of USD$1.8bn (£1.4bn), marking its largest acquisition, and the largest exit by Turkish start-up, to-date. With the deal expected to close within the [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Keywords raises £100m acquisition fund; Ubisoft sues Apple and Google; and Tencent to establish North American AAA studio. Keywords raises £100m acquisition fund Keywords Studios has raised approximately [...]

[LATEST UPDATE: 3rd April] As the COVID-19 novel coronavirus continues its spread and has hit pandemic level, there has been a growing impact on the game industry. The game sector's problems, of course, are trivial compared to the millions impacted and [...]

TheGamingEconomy’s Daily Digest brings you the prevalent business stories in gaming. In today’s news: Valve softens rhetoric against Steam competition; Bohemia Interactive grosses USD$68m (£58m); and Amuka Esports acquires Incendium Gaming. Valve softens rhetoric against Steam competition Valve CEO and co-founder Gabe [...]

As part of the recent UK budget, the government confirmed that it is pressing ahead with its somewhat controversial Digital Services Tax. As reported by the Financial times, the UK plans to raise £500m a year by applying the tax primarily [...]

The classic video game arcade has almost become a trope for nostalgia. They appear across contemporary fiction as shorthand for a fondly remembered version of the 1970s and 1980s. The arcade's 'passing' is often lamented in tandem with warm, fuzzy memories [...]

PlayStation is skipping on attending E3 this year, just a few months before it plans to launch the PS5. A decade or so ago, that would have seemed like a very peculiar move. E3 has long been the place to announce [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Team17 picks up Yippee Entertainment; Worldwide Christmas spend on apps tops USD$277m (£209.6m); and Nexon sells off mobile development subsidiary for JPN¥1 (£0.007). Team17 picks up Yippee [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: EA hints at return to Steam; Sony examining sale of PlayStation Vue; and Ubisoft share price plummets following profit warning. EA hints at return to Steam EA has [...]

TheGamingEconomy Daily Digest brings you the trending business stories in gaming. In today’s edition: Ubisoft revises 2019-2020 targets downwards; Google opens first Stadia studio; and TSMC invests additional USD$4bn (£3.1bn) in semiconductor production. Ubisoft revises 2019-2020 targets downwards Ubisoft has substantially lowered [...]