Savvy Gaming Group Purchases ESL Gaming From Modern Times Group For Over $1B
On January 24th, Modern Times Group announced that it had agreed to sell ESL Gaming to Savvy Gaming Group forContinue Reading
Tag: Reuters
Sony Stocks Tumble Following Microsoft’s Activision-Blizzard Acquisition
On January 18th, the global gaming industry was shaken to its core after it was announced that Microsoft had acquiredContinue Reading
Sony Stocks Slide Following Activision Blizzard Sale
Shares in Japan’s Sony Group fell 9% on January 19th after gaming rival Microsoft said it will buy developer Activision Blizzard inContinue Reading
Tencent Raises $3B By Selling Off Shares Of Sea Ltd
On January 5th, Tencent announced that it had raised $3 billion by selling off shares of Sea Ltd., the parentContinue Reading
China Wants To Improve Copyright Protections For Livestreaming, E-Commerce, and Sports
On December 29th, China announced it was planning to improve copyright protections in the country. According to the country’s regulator,Continue Reading
Esports Mogul Taps Investors For $1.6M
Australian-based esports media and software company, Esports Mogul, has received binding commitments to raise $1.6 million in an oversubscribed placement.Continue Reading
Voodoo Investing $200M To Create Blockchain Gaming Division
Voodoo recently announced it will be investing $200 million to launch a blockchain gaming division that will offer NFTs. ThisContinue Reading
2021 Was China’s Slowest Year For Revenue Growth Since 2018
The Chinese video game market has taken a hit this year following the introduction of regulations throughout the country. AccordingContinue Reading
Sony’s Gaming Division Acquires God Of War Development Company
On December 10th, Sony Corporation’s gaming division announced it had agreed to buy Valkyrie Entertainment, the company behind God ofContinue Reading
Metaverse Gaming Experience The Sandbox Raises $93M
The Sandbox recently announced it raised $93 million in funding. During a discussion with Reuters, the company refused to discloseContinue Reading
Concerns Raised About The Safety Of Gaming In Tesla Cars
Tesla recently made updates to the software in its vehicles that allows occupants to play video games on the centerContinue Reading
Middle Eastern Start-Up Dream Games Raises $155M At A $1B Valuation
On June 30th, Dream Games, a mobile gaming start-up company based in Turkey, announced it had received $155 million fromContinue Reading
Qualcomm Unveils Handheld Development Kit Powered By First Dedicated Gaming Chip
Qualcomm unveiled a new chip, the Snapdragon G3x Gen 1, geared towards handheld gaming devices, offering 5G connectivity as wellContinue Reading
New Qualcomm Smartphone Chip Hopes To Improve Gaming Capabilities
On November 30th, Qualcomm Inc. released its new top-tier smartphone chip. The Snapdragon 8 Gen 1 chip is almost entirelyContinue Reading
Razer Hopes To Secure $4.5B Valuation In Reported Deal To Take Company Private
According to sources that spoke with Reuters, a group of top executives at Razer Inc. plan on valuing the companyContinue Reading
Nike Joins Forces With Roblox
On November 18th, Nike Inc. announced it was teaming up with Roblox in an attempt to enter the metaverse. AsContinue Reading
Sega And Microsoft Considering Partnership
On November 1st, Sega revealed that the organization had been exploring a potential strategic alliance with Microsoft. According to Reuters,Continue Reading
Roblox Corp Beats Market Expectations For Quarterly Bookings
On November 8th, Roblox Corp. announced the organization had exceeded market estimates for quarterly bookings. This financial success was driven,Continue Reading
Taliban’s Rise Back To Power Has Afghani Gamers Worried
While in power from 1996 to 2001, the Taliban banned all forms of entertainment in Afghanistan. And now, with theContinue Reading
Epic Games Makes Controversial Staff Policy Change While Continuing Its Fight Against Apple
Epic Games recently announced it would be ending a pandemic-inspired policy that gave staff alternating Fridays off. Epic Games didContinue Reading
India’s Dream11 App In Trouble With Police After Gaming Ban
One of India’s most popular gaming apps, Dream11, is facing a police case for alleged violation of a new localContinue Reading
NetEase Invests $120M Into Kepler Interactive
On September 28th, Kepler Interactive announced it secured a $120 million investment from the major Chinese gaming firm NetEase Inc.Continue Reading
Nexters Sees Huge Jump In Q1 Revenue Ahead Of NASDAQ Listing
On July 1st, video game developer Nexters Global announced it estimated that the company’s first-quarter revenue rose by 48%. ThisContinue Reading
New Regulations Limit Chinese Minors To Three Hours Of Gaming Each Week
On August 30th, China enacted new regulations that limit minors to three hours of video gameplay each week. This comesContinue Reading
Sony Gaming Appoints Stephanie Burns As Senior VP And General Counsel
After brief stops at StubHub and Amazon, attorney Stephanie Burns is coming to Sony Interactive Entertainment Inc. as senior viceContinue Reading
Report: China Temporarily Suspending Approval Of Online Games
China recently announced it has suspended approval of all new online video games. According to the South China Morning Post,Continue Reading
EA And Zoink Games Launch New Title, Playdemic Acquisition Completed
On September 13th, Electronic Arts Inc. launched a new title with Zoink Games called Lost in Random. This action-adventure game,Continue Reading
Chinese Regulators Block Tencent’s Plan To Merge Huya And DouYu
It was recently announced that Chinese market regulators blocked Tencent’s plans to merge the video game streaming sites Huya andContinue Reading