While currently just a rumor, a recent executive hire triggered the speculations that Google is building its own gaming device. The new Google hire is video game industry veteran Phil Harrison, who worked on the Sony PlayStation brand across 15…
Virtus.Pro – Parent company acquired for USD 150 million by major Russian corporation
In reportedly the biggest esports-related transaction ever in Russian history, Mail.Ru has acquired ESForce, the parent company of SK Gaming, Virtus.Pro and several other esports ventures, for a sale price of USD 150 million, according to ESPN. ESForce also owns tournament organizer…
Kakao – Media giant announces USD 1 billion in new foreign investments
South Korea media giant Kakao Corporation, with over 30 different services including Kakao Games, recently announced that it has procured USD 1 billion in foreign investments. This news come after Kakao held roadshows in Singapore, Hong Kong, New York, London, Boston,…
Action Square – Blade II developer obtains investment from Kakao Games
South Korea gaming giant Kakao Games recently announced it has invested around USD 190,000 in domestic developer Action Square. Through this deal, Kakao Games will obtain a 10.43% stake in Action Square. The studio, founded in 2012, has developed mobile action…
NCsoft – Former Blade & Soul producer under investigation for insider trading
The former head honcho of Blade & Soul, Bae Jae Hyun, is currently under investigation by the Financial Services Commission, South Korea’s top financial regulator, under suspicion of insider trading. This illegal action reportedly took place last year, when Bae…
Tencent – Tech titan earned over 50% of China’s gaming revenue in Q3 2017
According to a research done by iResearch Global, the revenue of China’s online gaming market reached 63.54 billion Yuan (around USD 9.6 billion) in Q3 2017 (July to September), rising 6.8% compared with the previous quarter and surging 41.7% from last year.…
nWay – Developer of Power Rangers mobile game gets USD 11 million investment
Venture capitalist firms March Capital Partners and Ridge Ventures today announced a USD 11 million investment in game developer nWay. This will support new game development, as well as continue to fuel the breakout success of the blockbuster mobile game…
Manticore Games – New studio gets USD 15 million funding to build hardcore multiplayer game
Manticore Games, a startup based in San Mateo, announced today that it has secured a USD 15 million Series A round led by Benchmark. Mitch Lasky, General Partner at Benchmark, will join Manticore’s board. Several high-profile gaming and tech entrepreneurs…
Pearl Abyss – Studio founder teases 2 upcoming titles in development
In October, Korean gaming website Inven held a long interview with Dae Il Kim, the founder and chairperson of developer Pearl Abyss. You might have heard of a MMORPG known as Black Desert from the studio. During the interview, Dae…
Fire Emblem Heroes – Nintendo mobile game awarded top honors by Google Play
At the annual awards ceremony organized by Google Play in Japan, Fire Emblem Heroes was given the Best Game of 2017 award in the country. Representatives from both developers, Nintendo EPD and Intelligent Systems, were on stage to accept the…
League of Legends – Faker Edition ROG laptop bundle goes on sale in South Korea
Wishing you cold somehow play at the level of world champions in League of Legends? Fret not, as Asus has teamed up with multiple-time League of Legends world champions SK Telecom Team 1 to release a special laptop bundle, featuring…
Nexon – Gaming giant to acquire California-based game studio
Nexon today announce it is acquiring California-based games developer, Pixelberry Studios. You might not have heard of this developer, but it is the top company in making interactive fiction apps for mobile devices. One of its games, Choices, is a…
Gigantic – Developer Motiga is being shut down by Perfect World Entertainment
It was reported earlier that Motiga, the developer behind colorful PC MOBA title Gigantic, has been shut down by Perfect World Entertainment due to “budgetary decision”. While it was first announced that Perfect World Entertainment had entered into a publisher…
Nexon – Gaming giant invests in Hyper Universe developer
Nexon today announced a strategic investment in Korean developer CWAVESOFT Inc, giving the gaming giant preferred negotiation rights for the developer’s next 3 games. Both companies are now working on Hyper Universe which is now on Steam for its Early…