Made on Earth Games secures $3.2m in seed funding round
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Made on Earth Games has secured $3.25 million in a seed funding round, a year after the studio's launch.
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Microsoft to sell Activision/Blizzard cloud streaming rights to Ubisoft for approval with UK’s CMA
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The unexpected turn of events in Microsoft's pursuit of Activision raises eyebrows and highlights the need for careful negotiation. Following the United Kingdom's Competition and Markets Authority (CMA) decision to block the $69 billion acquisition, Microsoft is taking steps to revise the deal and address regulatory concerns. Under the revised arrangement, Microsoft plans to sell […]
Super League Announces Proposed Underwritten Public Offering
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In a strategic move, Prytania Media has announced the establishment of two new gaming studios under its umbrella, marking a significant expansion in their creative endeavors. While the company has previously introduced studios like Possibility Space and Crop Circle Games, tangible output from these entities remains limited. The freshly introduced studios, namely Fang & Claw […]
Sega Completes Acquisition of Angry Birds Developer Rovio Entertainment For $776 Million
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The acquisition process of Rovio Entertainment, the developer behind Angry Birds, by Sega has now been officially finalized.
Haveli Investments Leads Investment of $100 Million in Candivore
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Haveli Investments, L.P., a private equity firm with a focus on technology and gaming, has recently made a substantial investment in Candivore, the developer of the popular mobile game Match Masters. The investment, totaling around $100 million, grants Haveli a minority interest in Candivore. The funding for this acquisition comes from Haveli VC Gaming Fund […]
Unity Financial Results – Q2 2023
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Unity had a strong second quarter, with revenue and adjusted EBITDA exceeding guidance. Revenue of $533 million compares to guidance of $510 to $520 million and represents +80% year-over-year growth, +11% year-over-year on a pro-forma basis. GAAP net loss was $193 million and adjusted EBITDA was $99 million, an improvement of $136 million year-over-year. This […]
Electronic Arts Reports Q1 FY24
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“EA delivered a record Q1, driven by strong momentum in EA SPORTS global football and Star Wars Jedi: Survivor,” said Andrew Wilson, CEO of EA. “Our exceptional teams are creating innovative entertainment experiences across our multi-year pipeline, starting with the highly anticipated, culture defining titles Madden NFL 24 and EA SPORTS FC 24.” “We had […]
Capcom acquires 2D and 3D computer graphics studio Swordcanes Studio
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Capcom Co., Ltd. announced that it has acquired all shares in Swordcanes Studio Co., Ltd. (Swordcanes), making it a wholly-owned subsidiary. 1. Purpose of Share Acquisition Swordcanes strength lies in 3D computer graphics production technology in consumer home video game development and the studio has carried out work on major Capcom titles in the past. […]
Playtika to Acquire the Youda Games Portfolio from Azerion
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Playtika Holding Corp. (NASDAQ: PLTK), a mobile games pioneer and interactive entertainment leader, and Azerion Group N.V. (EURONEXT: AZRN) one of Europe’s largest digital advertising and entertainment media platforms, announced today they have entered into a definitive agreement for Playtika to acquire from Azerion its Youda Games portfolio of games, including social card themed title […]