Volition Games is shutting down after 30 years and a failed Saints Row reboot as a part of Embracer Group's restructuring program.
Gaming VC funding totaled $1.1B in Q2 2023, but this down 80% from a peak this time last year according to PitchBook's latest report.
Tencent will acquire a majority shareholding in Polish game studio Techland, the creators of the Dying Light series.
Q2 2023 saw a spike in M&A deal value thanks to Savvy Games Group's $4.9 billion acquisition of Scopely according to Drake Star Partners.
The FTC has reportedly filed for an injunction to temporarily block Microsoft's $68.7B acquisition of Activision Blizzard.
David Higley, Shan Shan, Lia Zhang and Frankie Zhu sat down at the GamesBeat Summit to talk industry investments, mergers and acquisitions.
The European Commission today decided it will approve Microsoft's acquisition of Activision, but with some conditions.
Microsoft announced it's signing another 10-year deal with a cloud gaming platform -- this time, European service Nware.