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In this week’s newsletter, we’re highlighting all the latest news and information affecting the industry.
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Supercell, the maker of Clash Royale and Hay Day, has acquired a majority stake in London studio Trailmix for $60 million. The latest investment follows Supercell’s initial $4.2 million investment in Trailmix in 2018. Read more…
IN OTHER NEWS...
The Walking Dead creator, Skybound Entertainment gets new investments from Knollwood Advisory and Hiro Capital. Ian Livingstone, one of the co-founders of Hiro Capital, will also join Skybound’s board of directors as part of the deal. Read more…
Scotland-based independent game publisher Firestoke has raised $2.2 million in a seed funding round led by Hiro Capital. Firestoke said it intends to use the investment to expand its portfolio of games and increase its publishing team before launching its games by the end of 2022. Read more…
Adtech Firm Tappx has acquired the Fantasy Manager developer From The Bench for an undisclosed amount. The acquisition is part of Tappx’s diversification plan and its commitment to entering the mobile games business. Read more…
Saudi Arabia’s Public Investment Fund (PIF) has bought a 5.01% stake in Nintendo. The PIF said that it acquired this stake in Nintendo for ‘investment purposes.’ Read more…
Tower 26 Venture Fund will invest $50 million in studios developing VR games and the metaverse. Tower 26 is founded by veteran game investor Jon Goldman, who is also the managing director of Skybound Entertainment, the creator of The Walking Dead franchise. Read more…
Coherence has secured $8 million in a funding round led by Griffin Gaming Partners. The Swedish tech startup will use the funds to expand its staff and democratize its gaming technology to game developers. Read more…
Match Masters developer Candivore has secured $10 million in its latest funding round led by VGames. The Tel-Aviv-based studio has accumulated $22 million in funding to date and intends to use the investment to make more multiplayer games. Read more…
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