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Saudi Arabia’s Smart city project NEOM and Dubai-based media company MBC Group are jointly establishing a AAA games development studio in Saudi Arabia. It will be the first AAA games development studio in the region. Read more…
Saudi Arabia’s Public Investment Fund (PIF) acquires minority stakes in two Japan-based publishers, Nexon and Capcom, for a combined value of over $1 billion. Read more…
Blockchain gaming firm Mythical Games has acquired all the technology and staff from British indie game developer Shortround Games for an unknown sum. Shortround Games said it will be working on an unannounced sports game for Mythical Games that is expected to launch in 2023. Read more…
British technology company Improbable has sold all of its stake in Edmonton-based game developer Inflexion Games to Tencent for an undisclosed amount. The sale of Inflexion Games to Tencent is a part of Improbable’s plan to divest itself from first-party game development. Read more…
Chinese technology and media conglomerate Tencent has acquired polish game developer and publisher 1C Entertainment for an unknown sum. 1C Entertainment has worked on more than 100 games and partnered with EA, Warner Bros, CD Projekt Red, Bandai Namco, and Activision Blizzard. Read more…
IN OTHER NEWS...
Singapore-based mobile game developer Potato Play has raised $5 million in its third fundraising round. Potato Play will use the investment to scale up its latest casual puzzle title, Merge Restaurant, and expand the team. Read more…
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