Chinese social media and gaming giant Tencent is taking a 29% stake to become the largest shareholder in Oslo-based Funcom. The indie games developer is responsible for multiple adaptations involving
By the end of 2019, the global gaming market is estimated to be worth $152 billion, with 45% of that, $68.5 billion, coming directly from mobile games.
As the gaming market continues to boom, billions of dollars are being invested in new games and new streaming platforms vying to own a piece of the action. Most of the value is accruing to the large i
Roughly a year ago, entrepreneurs Caterina Fake and Jyri Engeström decided to form a traditional venture outfit called Yes VC. Fast forward, and the duo has nearly closed on $50 million for their deb
Chinese internet giant Tencent has been excluded from the first batch of video game license approvals issued by the state-run government since March. China regulators approved Saturday the released o
New UK early stage VC firstminute Capital launched in June last year to the tune of $60m, with European VC Atomico as its first cornerstone investor. They were joined by 30 unicorns founders from Euro
Some consolidation is afoot in the world of gaming. Today, Space Ape Games — a London social and mobile games studio founded by alums from Playfish, Mind Candy and EA — announced that Supe
Unlike IPOs, 2016 was pretty active for tech M&A. The year resulted in $612.9 billion in global tech deals, according to Dealogic, which made it the second best year for acquisitions. It nearly ke
It is finally confirmed: Tencent has announced that it has acquired a majority ownership of Supercell, the Finnish firm behind hit game Clash Of Clans, for around $8.6 billion.
China’s Internet giant Tencent has been expanding its international reach in areas like games and advertising, and as part of that, the company is picking up its dealmaking in Europe. The Wall
Dennis Mitzner Contributor Dennis Mitzner is a journalist and writer with a focus on tech, culture and politics. He works in thought leadership and runs StartupStash, a curated directory of tools and
Some ownership changes afoot at Supercell, the mobile gaming giant out of Finland behind blockbuster titles like Clash of Clans and Hay Day. Japan’s SoftBank has upped its stake in the startup t
Games making hub Finland — land of Rovio and Supercell, to name a couple of the higher profile games studios tucked up near the Arctic circle — has attracted another tranche of outside in
Here's what a top mobile game developer can make in a single year: $892 million off two games across Android and iOS. That's what Finnish developer Supercell said on a call last that night that it
Another big move for <a target="_blank" href="http://www.softbank.co.jp">Softbank</a> into the gaming world, and a massive investment for Finnish gaming juggernaut <a target="_blank" href="http://www.
"There was this moment in the industry when people thought that games were a science, not a form of art," said Ilkka Paananen, the CEO of red-hot Finnish gaming startup Supercell. "But inevitably,