Hello from GamesRound, and welcome to our Weekly Roundup newsletter.
In this week’s newsletter, we’re highlighting all the latest news and information affecting the industry.
We hope you enjoy this week’s issue!
London-based games publisher Playstack has acquired mobile game developer Magic Fuel Games for an unknown sum. With this acquisition, Kevin Shrapnell, co-founder and CEO of Magic Fuel Games, will take over as the new Chief Operating Officer at Playstack. Read more…
Savvy Gaming Group, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has acquired around 8.1% stake in Swedish holding company Embracer Group for $1 billion. Read more…
Keywords Studios has agreed to acquire game developer Forgotten Empires for $32.5 million. Forgotten Empires founder Ryan Shepherd will continue leading the company under the Keywords Studios management as part of the deal. Read more…
Mobile game developer and Candy Crush maker King has acquired Swedish AI company Peltarion for an unknown sum. With this acquisition, King plans to employ artificial intelligence and machine learning technology more aggressively in its games. Read more…
IN OTHER NEWS...
Qualcomm launches $100 million Snapdragon Metaverse Fund. The company said the money would be spent on mixed reality experiences such as gaming, education, media, entertainment, health & wellness, and fitness. Read more…
Gaming moderation platform GGWP has secured $12 million in seed funding led by Bitkraft Ventures. The company will use the investment to develop its technology to reduce disruptive behavior and ‘toxicity’ by players in online games. Read more…
Humble Bundle-led Black Game Developers Fund pledges $1 million for black developers for the third consecutive year. The Black Game Developers Fund was founded in 2020 with the mission to provide financial support to black developers and black-led studios. Read more…
UK Games Fund receives $9.78 million (£8 million) from the UK government. The UK Games Fund said the funding will be used to support small start-ups and solo developers developing new video games in the UK. Read more…
Find us on Facebook, or follow us on Twitter, Instagram, and LinkedIn for round-the-clock updates.
Subscribe to GamesRound’s YouTube Channel For The Latest News, Updates, and Interviews:
Connect with over 300 game developers, publishers, and investors using GamesRound.
Sign Up here.
Get news alerts sent directly to you or sign up for our Telegram or Discord service.
Send your news to news@gamesround.com
Don’t forget to share this post
