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Crown prince of Saudi Arabia's foundation to buy 51% stake in SNK

Non-profit organisation starts with purchase of 33.3% stake for $223 million

By James Batchelor

TinyBuild invests $3m in Secret Neighbor developer Hologryph

Publisher takes a majority stake in the studio, which will work on a next-gen new IP

By James Batchelor

Supercell invests $2.8m in 2UP Games

New remote-first New Zealand studio will focus on co-operative games for mobile

By James Batchelor

Latest Financial articles

Crowded field of racers drives Codemasters revenues up

F1 2020, Fast & Furious Crossroads, and Project Cars 3 more than double publisher's sales in final earnings report before expected Take-Two acquisition

By Brendan Sinclair

Lightfox Games raises $3.3m

March Gaming leads seed round to fund more accessible midcore games

By James Batchelor

Imvu to launch its own cryptocurrency

The social platform's new digital tokens, Vcoin, will launch in early January 2021

By Marie Dealessandri

Roblox files for IPO

Kid-focused, user-generated content platform has not yet turned a profit despite skyrocketing DAUs, bookings

By Rebekah Valentine

Netease Q3 strengthened by multiple mobile game releases in China

Online games revenue reached $2 billion, up 20% year-over-year

By Rebekah Valentine

Embracer Group H1 sales up 132% to $524.2m

THQ Nordic and Koch Media parent reports growth across all divisions as it adds 13 new studios

By James Batchelor

Embracer Group acquires 13 studios: Here's everything you need to know

Flying Wild Hog, Coffee Stain North, Zen Studios, Julian Gollop's Snapshot Games, and more added to THQ Nordic parent's growing games empire

By James Batchelor

Female-led Queens Gaming Collective raises $1.5m

Gaming lifestyle company launches after seed round led by Bitkraft Ventures

By James Batchelor

Thunderful Group prepares for IPO on NASDAQ First North Premier

Listing expected to raise close to $90 million for Swedish games firm, company valued at $395 million

By James Batchelor

Mobile startup Lila Games raises $2.8m

Indian developer attracts investment from execs at Super Evil Megacorp and Machine Zone

By James Batchelor

Unity shares first earnings following IPO with $201 million in Q3 revenue

On earnings call, CEO John Riccitiello addresses price hikes, COVID-19 impacts, future investments, and finding a casual audience

By Rebekah Valentine

NPD says US consumers spent a record amount on games in Q3

$11.2 billion total for July-September span is up 24% on last year; market research firm expects Q4 to set records as well

By Brendan Sinclair

Esports brand Fnatic raises $10m

Also offering fans the chance to invest via $1.3m Crowdcube campaign

By James Batchelor

Nexon posts its best Q3 ever thanks to mobile revenue surge

Mobile revenue up 140% thanks to The Kingdom of the Winds: Yeon, KartRider Rush+ and V4

By Rebekah Valentine

Enthusiast Gaming plans to list on NASDAQ

Parent behind The Escapist and Luminosity Gaming

By James Batchelor

Take-Two acquisition of Codemasters expected to go through in early 2021

Both publishers' board of directors approve the proposed deal, valuing Codemasters at 726 million

By James Batchelor

Griffin Gaming Partners raises $235m for gaming investments

Gaming-focused VC firm run by Philip Sanderson, Peter Levin, and Nick Tuosto already invested in Discord, Skillz and more

By Brendan Sinclair

Final Fantasy 7 Remake, Avengers push Square Enix H1 sales up 43%

Publisher's HD Games division posts profits for the six-month period, but last quarter was in the red

By Brendan Sinclair

Sega Sammy raises forecasts, despite losses driven by COVID-19

Publisher expects structural reform and increased games sales to carry company through tough financial year

By James Batchelor

Sega Sammy calls for 650 staff to voluntarily retire

Japanese publisher records extraordinary losses around structural reform

By James Batchelor

Take-Two president "highly sceptical" about games subscriptions

Karl Slatoff tells investors services like Xbox Game Pass will become the primary way games are consumed

By James Batchelor

Esports platform Edge raises $1.5m

Investment will be used for recruitment and improving its tech, which simplifies esports contracts, payments and more

By James Batchelor

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