Fact: $230M+ moved in gaming last week and almost none of it was fresh venture
Snapshot of last week's M&A, UA financing, and studio launches in gaming. 455#
Hey Friends, greetings from Bangalore 💗
Here’s your weekly curated look at the deals that moved the needle in gaming.
Funding and M&A:
1. $111.2M → Kunlun Wanwei sells 99% of Beijing Xianlai Huyu to Beijing Xinglan Huyu (RMB 750m)
2. $100M → WEBTOON acquires 60% of RI Games Holdings (GrayGames, Offbeat)
3. KitBash acquires ArtStation and Sketchfab from Epic Games → undisclosed
4. Rotatelab (Cube Land) seed, co-led by Laton Ventures and Arcadia Gaming Partners → undisclosed
5. UA Financing: $20M → Comunix raises UA funding from PvX Partners to scale Pokerface
6. Adjacent Capital: $57M → ACCO Brands acquires GXT Holding, owner of the Trust gaming accessories brand, from Egeria
7. Developing Story: $0.75M → Copa Fantasy finalising its seed round (not yet closed)
New Studio Launches and Spinouts:
8. Mattel forms Mattel Game Studios (Hot Wheels, UNO)
9. 2K establishes Small Axe Studios (AAA sports)
10. Dark Ritual Studios launches, founded by ex-Ubisoft Barcelona team
TL;DR
1. WEBTOON buys 60% of RI Games, $100M
2. Kunlun sells Xianlai Huyu, $111M
3. KitBash buys ArtStation + Sketchfab (from Epic)
4. Comunix $20M UA via PvX
5. New studios: Mattel, 2K Small Axe, Dark Ritual
Stay ahead. Curated weekly at iCartic.com
tCARe, CARtic P