Tencent buying 10% of Sumo Group
Chinese giant purchasing 15 million shares from established investor Perwyn
Financial
Indian dev SuperGaming raises $1.3m for casual games
Dream Incubator and AET Fund joined existing investor Better Capital in seed round
Goodbye Kansas Game Invest now owns 45% of Misc Games
Minority stake in ship simulation dev acquired in two separate deals
Wreckfest drives games revenue up 117% at Embracer Group
Company formerly known as THQ Nordic looks ahead to a Q3 with Darksiders and Shenmue 3
PUBG Mobile, Call of Duty: Mobile help drive Tencent gaming revenues
Chinese publisher cites increased contributions from overseas titles as driving growth in mobile gaming business, offsetting declines from PC
Cerberus Interactive acquires Tastebud
Texas studio wants to incentivise real-world purchases in its location-based title Atlas Empires
Starbreeze proposes plan to pay debts in full
Administrator signs off on reconstruction schedule that would see Payday outfit meet obligations to creditors within five years
Flavourworks raises £3m to expand Touch Video platform
Series A round was led by Hiro Capital, making its first investment after launching earlier this year
Stillfront reaps rewards of Kixeye acquisition in Q3
Revenue from Core games division rises almost 200% following $90m deal
Indie publisher Kiss launches Intelligent Finance ISA
Company tells GamesIndustry.biz it will fund future games by promising investors 6.8% profit per year through tech bond
Sky Mavis closes $1.5m funding round
Animoca Brands led the round for blockchain-based virtual pet game Axie Infinity
Activision Blizzard sees slumping sales, sliding engagement
Revenues and monthly active users down across the board for Activision, King, and Blizzard divisions
Nexon sales slip in Q3
MapleStory publisher shows modest revenue growth, but can't offset double-digit percentage declines everywhere else
Square Enix profits up 32% in first half of fiscal year
Publisher's success driven by MMOs and mobile games as HD games sales slip year-on-year
Activision and EA insiders have been profiting from selling stock during buybacks
CEOs Bobby Kotick and Andrew Wilson have made millions, but companies insist there is no improper practice
Playtika considering IPO as Chinese acquisition plans collapse
Mobile games firm seeks listing in unspecified market, according to the company that failed to buy it
Which platforms are publishers and investors really interested in?
Xsolla shares lessons from its funding club and offers advice on how to impress potential investors
Zordix acquires Dimfrost Studio ahead of €1.3m expansion
Funding will be invested in Dimfrost's expansion and the completion of its new game, Bramble: The Mountain King
US gamers have spent $27.9bn in 2019 so far
Spending is only up 1% over 2018 year-to-date, with hardware sales down 23%
Starbreeze losses were $30.8 million for the first nine months of 2019
But company is confident reconstruction efforts and new publishing deal Payday 3 will save the studio
"Substantially improved" profitability for games doesn't prevent sales dip for Sega
But publisher still confident net sales will rise to $3.6 billion for the financial year
Profits down 48.1% for Rovio Entertainment in Q3
Angry Birds dev in discussions to potentially lay off staff as The Angry Birds Movie 2 falls short of expectations
Nintendo profits up after Switch Lite shifts 1.95m units in first 11 days
Platform holder's operating profit up more than 50% to $867.4 million for first half of fiscal year
PlayStation revenues down 17% but Sony's financials hold steady
PS4 now second best-selling home console of all time, despite slowing sales as generation nears its end
Cloud gaming service Shadow raises $33m
Start-up has now raised $100 million to date
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