Tencent buying 10% of Sumo Group

Chinese giant purchasing 15 million shares from established investor Perwyn

By James Batchelor

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

By Matthew Handrahan

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

By Matthew Handrahan

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

By Brendan Sinclair

Cerberus Interactive acquires Tastebud

Texas studio wants to incentivise real-world purchases in its location-based title Atlas Empires

By Matthew Handrahan

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

By Brendan Sinclair

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

By Matthew Handrahan

Stillfront reaps rewards of Kixeye acquisition in Q3

Revenue from Core games division rises almost 200% following $90m deal

By Matthew Handrahan

Indie publisher Kiss launches Intelligent Finance ISA

Company tells it will fund future games by promising investors 6.8% profit per year through tech bond

By James Batchelor

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

By Brendan Sinclair

Nexon sales slip in Q3

MapleStory publisher shows modest revenue growth, but can't offset double-digit percentage declines everywhere else

By Brendan Sinclair

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

By James Batchelor

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

By James Batchelor

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

By James Batchelor

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

By James Batchelor

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%

By James Batchelor

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

By James Batchelor

"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

By James Batchelor

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

By Haydn Taylor

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

By James Batchelor

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

By James Batchelor

Cloud gaming service Shadow raises $33m

Start-up has now raised $100 million to date

By James Batchelor

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