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Epic Games purchases indie music platform Bandcamp for an unknown sum. Following the acquisition, Bandcamp will continue to operate as a standalone music marketplace and community. Read more…
Tencent becomes the majority shareholder in Rime developer Tequila Works. The Madrid-based studio aims to use the investment to finish the development of its upcoming title Son of Nunu: A League of Legends Story and develop more original IP. Read more…
Pokémon Go creator Niantic has bought web-based augmented reality development platform 8th Wall for an unknown sum. Following the acquisition, 8th Wall will be absorbed into Niantic’s AR engineering division and will continue to operate as an independent entity. Read more…
Offworld Industries acquires Beyond The Wire developer Redstone Interactive for an unknown sum. As per the terms of the agreement, CEO and creative director Bruno de Araujo will continue managing Redstone Interactive. Read more…
Tripledot Studios has acquired entertainment company Live Play Mobile for an unknown sum. Tripledot Studios said the acquisition would help it expand its game portfolio in live-hosted games on mobile platforms. Read more…
Tilting Point has acquired children’s game developer Budge Studios for an unknown sum. Under the acquisition, Budge Studios will continue to operate independently, and all of its management and staff will remain at the firm. Read more…
Sony Interactive Entertainment has acquired Haven Studios for an undisclosed amount. The Canadian studio is developing a new AAA modern multiplayer game for the PlayStation 5 with a “new live service experience.” Read more…
IN OTHER NEWS...
Lightforge Games secures $15 million in Series A funding. The studio intends to use the investment to develop a new creative RPG using Epic’s Games’ Unreal Engine 5. Read more…
South Korean video game company Smilegate has invested $3.5 million in Postcard Game Studio. The newly launched studio, led by CEO and Game Director Ray Almaden, aims to use the investment to create its first open-world first-person shooter. Read more…
UK-based mobile game developer Playwind Games has secured $4 million in a funding round from Free Fire developer Garena. The startup aims to use the money to develop and launch more games and its future expansion. Read more…
Mobile game publisher Scopely has invested $20 million in newly formed game developer Burlingame Studios. As part of the agreement, Burlingame Studios will join Scopely’s developer ecosystem and will develop a game together. Read more…
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