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AppLovin IPO raises $1.8bn
Offering values the mobile games firm at nearly $30 billion, shares to be listed on NASDAQ Global Select Market today
Financials (Page 22)
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Tripledot Studios raises $78 million
"The funding round will allow us to accelerate our growth by acquiring studios that can benefit from our expertise"
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Outright Games' Q4 2020 revenue skyrockets to £22m
The publisher saw a 75% growth year-on-year, boosted by the release of Paw Patrol, TrollHunters, and Transformers titles
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In-game spending on iPhone grew 43% in 2020 in the US
User spending for the games category reached an average of $76.80 last year
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Tencent's Timi Studios reportedly earned $10bn in 2020
The Honor of Kings studio is the world's biggest developer, Reuters reported
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Ubisoft acquires anti-cheat developer GameBlocks
The acquisition was made by subsidiary i3D.net, which will integrate GameBlocks' middleware into its hosting platform
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Play Ventures raises $135m to invest in game studios
Indian startup All Star Games has already received $1.5 million from the new funding round
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Sumo revenue jumps 40% as it eyes more acquisitions
"The environment that we are currently in means that everybody thinks they can sell their business for top dollar"
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Nexon invests $874m in Bandai Namco, Konami, Sega and Hasbro
More investments to come as part of $1.5 billion initiative to support "overlooked and undervalued" entertainment firms
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Gfinity is no longer for sale
Revenue at the esports company was up 212% in the second half of 2020
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Nordisk Games acquires 30% stake in Supermassive
"There are few studios better at creating rich, narrative-driven games, built around unique stories and IPs," said Nordisk MD
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PUBG Mobile's lifetime revenues pass $5bn
Sensor Tower estimates show the battle royale generated $2.7 billion in 2020 alone
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Frost Giant Studios raises $5 million
Blizzard veteran James Anhalt has also been hired as chief architect
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Keywords Studios reports strong 2020 with €373.5m in revenue
The services provider acquired seven companies in 2020 for a total consideration of up to €97.2 million
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Record year for Razer generates $1bn in revenue
Peripherals firm attributes to success to high demand during pandemic, as well as gains of market share
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Rec Room closes $100m funding round
New round values the Seattle-based social platform at $1.25 billion
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GameStop full-year sales down 21%
Profitable fourth quarter can't offset the rest of the retailer's pandemic-impacted year; chief customer officer departs with millions in severance and stock grants
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Microsoft among suitors for Discord in reported $10b deal
Multiple reports suggest chat startup is in talks for a potential sale
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ByteDance acquires Moonton Technology
The transaction reportedly valued the Shanghai-based studio at $4 billion
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IronSource going public at $11.1 billion valuation
The mobile marketing company is joining forces with Thoma Bravo Advantage
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Incredibuild secures $140m in funding
Insight Ventures leads round in Israeli computing platform used by Xbox, Nintendo, Epic, and others
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Starbreeze signs €50m Payday 3 deal with Koch Media
Swedish firm now has the financing for Payday 3's production and marketing until at least 18 months after 2023 launch
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Stratosphere Games raises over $2.5m for Project MiniCiv and mobile publishing
Developer receives investment from US fund Skycatcher and German Games Fund
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Embracer Group raising over $890m for even more acquisitions
Ever-expanding games firm currently evaluating a "growing number of potential near-term acquisition targets"
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Keywords Studios acquires 85% interest in Tantalus Media
The services provider enters the Australian market for the first time