Gaming industry valuations & deals tracker – week recap
Understand last week’s funding landscape in gaming [1st week of Dec 2025], 392#
Hey Friends, Greetings from Bangalore 💗
Here’s your curated look at last week’s top deals in gaming, Top Funding & M&A Headlines.
M&A & Strategic Moves
Arc Games goes independent – completes a management buyout from Embracer, backed by XD Inc, and repositions itself as a fully autonomous AA / indie publisher for PC & console.
Netflix ⇄ Spry Fox – Netflix sells Cozy Grove / Spirit Crossing studio Spry Fox back to its founders; Spry Fox regains independence and freedom to ship Spirit Crossing to more platforms while Netflix continues as mobile publisher.
Macro bombshell: Netflix x Warner Bros. Discovery – Netflix agrees an $82.7B deal to acquire Warner Bros. Discovery (pending regulatory approval), potentially bundling HBO, DC, Mortal Kombat, Hogwarts Legacy and more under the same umbrella as Netflix’s games push.
New Studios & Creative Bets
Eteo – Shedworks co-founder and Sable creative director Gregorios Kythreotis formally unveils Eteo, a London-based indie studio backed by Outersloth, focused on long-term, sustainable development and experimental worldbuilding rather than a single “hit-or-bust” project.
Funding, UA & Partnerships
PvX Partners – UA financing platform PvX surpasses $250M in committed UA financing across 20+ mobile games and consumer apps, after a fresh $4.7M seed extension led by Z Venture Capital and Drive by DraftKings. It’s effectively building a non-dilutive UA “credit line” + data stack for growth teams.
Stay ahead. Curated weekly at iCartic.com
tCARe, CARtic P
My other post from last week →
1. Benchmark Drop, Casual gets you players. Strategy keeps them. Simulation grows them. Shooter monetizes them.
2. My first podcast appearance is now live on Spotify.