M&A and Investment

Game District has secured a majority interest in Gleam Games.

Sales of Farming Simulator 25 surpassed the 2 million copy mark just a week after the game's release, announced Giants Software. This made the launch of the farming simulator the most successful in the history of the series

FromSoftware might become part of Sony Group. The Japanese company is reportedly in talks with Kadokawa, the parent company of the Elden Ring developer.

Merak Capital has unveiled an $80 million fund and accelerator aimed at fostering startups within the gaming industry across Asia, the Middle East, and North Africa (MENA) markets

Play Ventures has successfully closed its third gaming fund, securing $140 million in capital.

Bit Odd is a studio founded in 2019 by three former lead developers from Supercell, responsible for games in the Clash franchise. Recently, they successfully closed a new round of funding

SAG-AFTRA has unveiled a fresh agreement concerning video game localization.

11 bit studios has released its financial report for the nine-month period ended September 30, 2024. Thanks to the strong performance of Frostpunk 2, the Polish company achieved impressive growth across all key operating metrics.

11 bit studios announced that the sales of the city-building survival game Frostpunk 2 have reached 511,000 copies. This number does not include the copies that were downloaded for free by Game Pass subscribers—if those were included, the total number of copies would be even higher

SayGames has decided to support mobile studios that develop hybrid-casual games. The company plans to invest $30 million in these teams over the course of three years

Embracer has reached a deal valued at SEK 12.9 billion ($1.2 billion) to sell mobile game developer Easybrain to the digital entertainment company Miniclip

According to a survey, 76% of children in the United States intend to request game-related gifts during the holiday season, with nearly half expressing a desire for gaming consoles.

The Saudi Arabian sovereign wealth fund, the Public Investment Fund (PIF), continues to divest from Nintendo shares. As Bloomberg noted, the fund's controlled stake in Nintendo recently decreased to 6.3%

Payload Studios has confirmed that it let go of several more employees last week. The exact number of layoffs is unknown.

Modern Times Group is poised to purchase Plarium, the developer behind Raid: Shadow Legends, from its former owner Aristocrat Leisure Limited

Shift Up has released its financial report for the third quarter ended September 30, 2024. Here’re the key findings about the South Korean company’s performance and its games.

Australian gambling company Aristocrat has decided to divest one of its core assets, Plarium. The Raid Shadow Legends developer will be sold to Modern Times Group (MTG) for up to $820 million.

NetEase's Eggy Party launched a creator program aimed at boosting UGC activity. The developers have taken the first step towards an open platform for creativity, where players can create content and earn from it.

Top App Games studio shared the successes of its mobile PvP strategy game, Ludus: Merge Arena, which was launched in October 2023

Sony has released its financial report for the second quarter ended September 30, 2024. Here are the key takeaways about the company’s video game business.

Tencent confirmed to PocketGamer that it has carried out layoffs at the London office of the studio Sharkmob. The exact number of employees affected has not been disclosed

Hogwarts Legacy has been a massive success for Warner Bros. Discovery’s gaming division, also strengthening the franchise’s position. And the game has now reached a new impressive milestone.

Warhorse Studios has announced a new sales milestone for Kingdom Come: Deliverance. The medieval RPG has now sold over 8 million copies globally.

Atari has reached an agreement with experienced game developer Chris Sawyer to acquire the iconic management game, Transport Tycoon.

Microsoft and Activision Blizzard have shared the first results of Call of Duty: Black Ops 6. The companies also revealed the figures for the entire franchise.

Indie studio Pounce Light, made up of just two developers, shared with GameDiscoverCo the successes of their castle-building simulator Tiny Glade, which was released on September 23

While Balatro is one of the biggest indie hits of 2024, solo developer LocalThunk didn’t expect the game to become such a huge success.

The creator of the card "roguelike" Balatro admitted that the game's success exceeded all expectations. According to LocalThunk, it was originally conceived as an experiment, and the working folder is still simply named "CardGame" and is stored among other learning projects.

Redwood, a recently established investment company, has acquired a majority interest valued at $65 million in the Indian game streaming platform Loco.

Today we want to highlight a new successful crowdfunding campaign from indie developers. Super Zoo Story, a pixelated life sim about building your own animal park, has found massive support from the community.

The Marvel heroes trading card game's second birthday was celebrated as it closely approached the $200 million revenue mark

New details about the future of the Prince of Persia: The Lost Crown developers have emerged following a report of Ubisoft’s decision to disband the team.

Steam is the main storefront for game distribution on PC. Bohemia Interactive looks back at its debut on the platform 15 years ago, revealing how many copies of its games it has sold since then.

Witchfire appears to be a success for Polish studio The Astronauts, which recently summed up the first results of the game’s Early Access launch on Steam. The team also explained why the devs care about critic and user reviews.

The creators of Among Us announced the acquisition of new funds for their Outersloth fund, which supports indie developers. The project received investments from Casey Yano, co-creator of Slay the Spire, and an "anonymous indie friend"

The BFI National Lottery Innovation Challenge has revealed it will allocate £510,000 to support four groundbreaking projects within the UK games sector

Game outsourcing company Keywords Studios has announced the acquisition of a new studio. Certain Affinity, a team that assisted in the development of Hogwarts Legacy, DOOM, as well as games from the Call of Duty and Halo series, among many others, has come under the company's wing

Keywords Studios has purchased the U.S.-based developer Certain Affinity for an undisclosed amount

Capcom has announced another major milestone for the Resident Evil 4 remake. The game continues to climb the franchise’s best-selling games list.

Live Aware Labs, a technology company headquartered in Seattle, has secured $4.8 million through a seed funding round

Indian publisher Deftouch has obtained an unspecified investment to expand its portfolio, create new games, and recruit additional talent

UMX Studio has obtained a $4.5 million investment in an all-cash deal

Dragon Ball: Sparking! ZERO has been off to an impressive launch, marking another successful release for Bandai Namco this year. Let’s take a look at its sales figures and compare them to some other titles in the franchise.

Publishers rarely disclose the metrics of their games, which is why we love Hooded Horse’s transparency. Let’s take a closer look at the results the company’s games have achieved over the past 12 months.

The developer of PUBG has announced an investment in the young Spanish studio EF Games. The details of the deal, including the amount and terms, have not been disclosed

Metaphor: ReFantazio has been off to an impressive start, promising to become another success for Atlus this year. Let’s take a close look at its launch and first metrics.

At the Global Digital Trade Expo in Hangzhou, a representative from Game Science studio revealed the production budget for Black Myth: Wukong. According to him, more than 300 million yuan ($42.4 million) was spent on creating the game.

Scopely is considering various options to expand its portfolio. The Monopoly Go! developer has plans to make a huge acquisition with the help of its parent company Savvy Games Group.

The Public Investment Fund (PIF) from Saudi Arabia sold 17.3 million shares of Nintendo between August 21 and October 1, 2024. This was reported by Bloomberg, citing the fund's report to Japan's Ministry of Finance

Saber Interactive chief creative officer Tim Willits has opened up about the current state of AAA game development. He also detailed the studio’s approach to production and budgeting.