Business of games: 14 biggest funding rounds, partnerships, and trends from the last week
investment round-up details for May 4th week. #238
Hey Friends, Greetings from Bangalore 💗
Investment news update, for May last week:
Nintendo acquires Switch port specialist Shiver Entertainment from Embracer
IGN Entertainment buys GamesIndustry, RockPaperShotgun, other Gamer Network outlets
Firaxis vets found a new developer Midsummer
Keywords Studios green lights £2 billion EQT Group buyout offer
Sinn Studio raises $2.5M for real-time PvP VR combat game
Sega veterans Jarvis Crofts, Luke Greenaway, and Mark Dallamore have formed a new publisher-agency hybrid, Alibi
Atari acquires Intellivision brand, uniting competitors from gaming's early years.
Relic Entertainment has partnered with UK-based investment firm Emona Capital to become fully independent after being sold by Sega in March.
Rolling Stone has returned to games media by launching a new section, Rolling Stone Gaming.
Anomaly has raised $1.45 million for an AI-driven Layer 3 Web3 gaming platform.
Elixir Games acquires RoboKiden and teams with Ava Labs
Swordsman Studio Lands $2.5M For New PvP VR Combat Game
Autodesk acquires Wonder Dynamics
Plarium and Big Fish up for sale at Aristocrat
Top Trends:
Embracer CFO and deputy CEO Johan Ekström stepping down,
Sony making PlayStation mobile store for F2P games
Moonton not for sale as Bytedance stays in the game with new CEO
Sega reaches financial targets one full year ahead of schedule in record fiscal year
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/ @iCartic