Sony buys ~$320M of shares in Japanese media powerhouse Kadokawa, which owns FromSoftware, taking its stake to ~10% and becoming Kadokawa's top shareholder
for now Sal Romano / Gematsu : Sony Group Corporation and Kadokawa Corporation to form strategic capital and business alliance Jordan Middler / Video Games Chronicle : Sony is now ...
Sony's shares in Japan surged 50%+ from an August low to reach its new all-time high since 2000 last week, as investors are bullish on its gaming growth in 2025
- Next year ‘one of the greatest’ for video games: Smithers — M&A and good management boost stock's appeal: Janus Henderson
ByteDance plans to “restructure” its gaming business; sources say ByteDance will wind down its Nuverse gaming brand and retreat from mainstream video games
TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat …
European gaming giant Embracer says a “groundbreaking strategic partnership” worth $2B+ collapsed and slashes its 2023 profit forecast; EMBRAC-B drops 40%+
Nintendo expects to sell 15M Nintendo Switch consoles this fiscal year, below analyst estimates of 15.7M; the company sold 18M units in the year to March 2023
Nintendo Co. expects to sell 15 million units of its Switch console this fiscal year, showing the extent of the slowdown for its six-year-old flagship product.
Sources: Sega is nearing a deal to acquire Rovio for ~$1B; Rovio was in talks to sell to rival Playtika for $800M+, but the negotiations ended in March 2023
Japan-based entertainment conglomerate expected to pay about $1 billion for Rovio Entertainment — Sega Sammy Holdings Inc. SGAMY …
Filing: the Saudi Arabian Public Investment Fund's Savvy Games Group now owns 8.3% of Nintendo, the largest outside stake, up from ~6% at the start of 2023
Saudi Arabia's Public Investment Fund became the largest outside shareholder of Nintendo Co. on Friday, in the latest move by the Gulf state to lower its reliance on oil.
Microsoft agrees to a 10-year deal to bring Call of Duty to Nintendo Switch for the first time, pending FTC approval of its Activision deal, but offers no date
Microsoft has signed a deal to bring the Activision Blizzard-published Call of Duty franchise to Nintendo for the first time …
Sources: Microsoft stocks up on Chinese games to emulate Sony's success with Genshin Impact; filings show Microsoft paid $4.8M for Snail Games' ARK and ARK 2
Microsoft Corp (MSFT.O) is stocking up on Chinese video game content to emulate Sony Group Corp's (6758.T) success with “Genshin Impact” …
Swedish gaming group Embracer Group reports Q1 sales rose 107% YoY to ~$681M and announces six acquisitions, including IP for The Lord of the Rings and Hobbit
Anna Gross / Financial Times :
Animoca Brands announces a $75.32M raise at a $5.9B valuation, the second tranche of its $360M round in January 2022 that valued the NFT company at $5.5B
Sony's shares fell 13% on Wednesday, its biggest drop since October 2008, wiping $20B off its valuation, after Microsoft announced its Activision deal
Sony Group Corp. shares fell 13% in Tokyo on Wednesday, their biggest drop since October 2008, after PlayStation rival Microsoft Corp. announced …
An overview of the most interesting internal emails from the Apple v. Epic trial, including discussions about an “iPhone nano” and lowering App Store fees
and we have questions Stephen Warwick / iMore : Apple's fraud chief knew it had a child porn problem, messages reveal Tweets: Sean Hollister / @starfire2258 : I wrote a thing. A th...
Epic complaint alleges that Google paid game developers hundreds of millions in incentives to keep their games on the Play Store as part of its “Project Hug”
Chaim Gartenberg / The Verge :
Electronic Arts to acquire Glu Mobile, best known for its popular game Kim Kardashian: Hollywood, in $2.4B deal, a 36% premium to Glu's closing price on Friday
Sarah E. Needleman / Wall Street Journal :
Sources: Apple has shifted the strategy of its Arcade gaming service, canceling contracts for some titles in development and seeking games with more engagement
- Company ends contracts for multiple future Arcade titles — Apple seeks games with stronger engagement to hook users
Leaked Microsoft document hints at a cheaper and less powerful Xbox console, designed to provide key improvements in Xbox Series X at a lower price point
What does it mean? Alessandro Barbosa / GameSpot : Xbox Series X's Cheaper Lockhart Companion System Appears Again In Xbox Dev Notes Luke Jones / WinBuzzer : Microsoft's Project Lo...
Leaked Microsoft document hints at a cheaper and less powerful Xbox console, designed to provide key improvements in Xbox Series X at a lower price point
The document mentions multiple Project Scarlett consoles — Microsoft has been planning a second, cheaper and less power next-gen Xbox console.
Sources: Magic Leap is exploring options, including a sale, partnerships, and a possible listing, after a meeting with Facebook never progressed to deal talks
- Florida-based company also weighing partnerships, stake sale — Magic Leap could fetch more than $10 billion in a sale process
Sony Interactive Entertainment says it is acquiring Insomniac Games, developer of PS4 hit Marvel's Spider-Man; Insomniac to join PlayStation's Worldwide Studios
Developer of Ratchet & Clank, Spyro, and Marvel's Spider-Man joins the PlayStation family — Sony is buying Insomniac Games …