Playtika announced an agreement to acquire Innplay Labs, an Israel-based mobile gaming studio for up to US$300 million after recently acquiring the Youda Games portfolio from Azerion Group. However, the company’s Q2 decline in revenue and guidance could highlight a challenging mobile gaming environment. [more]
Existing investor Supercell lends Helsinki developer Metacore €150 ($180) million to scale its mobile puzzle game Merge Mansion, currently booking revenue at an annualized rate of over $50 million. Gaming industry investment and M&A hit record levels in 2020 and continues to be strong in 2021. [more]
Video game developer Electronic Arts announced the acquisition of mobile game developer Glu Mobile for $2.1 billion, a 36% premium to the market. [more]
PopReach generates revenue through the acquisition of mobile game franchises and maximizes margins through user optimization and retention, coupled with expense reduction. Existing 12-title portfolio includes Smurfs Village, Bakery Blitz and War of Nations. [more]
At the PGC Conference, the topic of COVID-19 and its effects on the gaming industry was brought up numerous times, as the industry experienced a surge in user activity and engagement due to consumers staying isolated at home with more free time. [more]
Zynga, an American game developer best known for its Facebook game Farmville, acquires Peak Games with 100 game developers, puzzle makers and a game portfolio that includes Toon Blast and Toy Blast. [more]
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