Online gaming startup Pocket52 has raised $1.75 million, as part of its Series A funding, from game publisher Gameskraft. Pocket52 will use the funds to enhance its technology framework, expand user base, and scale...
Zynga to buy Turkish mobile game-maker Peak for $1.8 bn
Zynga Inc said on Monday it would buy Turkish mobile-game maker Peak for $1.8 billion, in a move that will boost the company’s daily active user base by 60%. Shares of the company rose as much as 5% to an eight...
Tencent in talks to buy Warner Music stake – WSJ
Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million (162.5 million pounds) in Warner Music Group, ahead of the record company’s slated initial public offering next week, the Wall Street...
China’s Kunlun says U.S approves sale of Grindr to investor group
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition...
Saudi Arabia’s PIF discloses 5.7% stake in Live Nation
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), disclosed a 5.7% passive stake in Live Nation Entertainment Inc on Monday, sending the concert promoter’s shares up 2% in early trading. The...
ValueAct eyes Nintendo with stake of over $1.1 billion – letter
Activist investor ValueAct Capital Partners LP has built a stake of over $1.1 billion in Nintendo, according to a letter seen by Reuters, a bet that digital software distribution and the development of new entertainment...
OPAP to take majority stake in online bookmaker Stoiximan’s Greek, Cypriot business
OPAPOPAP , Europe’s fourth largest gaming company, has agreed to acquire a controlling stake in the fast-growing Greek and Cypriot business of online bookmaker Stoiximan, it said on Tuesday. OPAP, which already holds a...
Eros International to merge with STX Entertainment
Eros International Plc said on Friday it would merge with U.S.-based privately held media company STX Entertainment, sending shares of the Indian film production house nearly 55% higher. The combined company, Eros STX...
Mobile gaming platform EWar Games raises equity funding from angel investors
E-sports and real-time gaming platform EWar Games has raised $200,000 of equity funding from Jindal Steels, a Karnataka-based steel company, and Jeet Banerjee, founder of Gameplan, a Kolkata-based sports management firm...
Sony invests $400 million in Chinese video site Bilibili
Chinese video site Bilibili will receive $400 million equity investment from Sony Corp America, Bilibili said Thursday, as the two companies seek to further collaborate in entertainment to attract China’s Gen Z. SCA...
CVC backs $1.3 billion bid for Chinese games developer Leyou: sources
Private equity firm CVC Capital Partners is backing a bid by Chinese game firm iDreamSky Technology to take over its rival Leyou Technologies Holdings in a $1.3 billion deal, said four people with knowledge of the...
Najafi, Trinity Broadcasting offer to buy Tegna at $20 per share
Private investment firm Najafi Companies and Trinity Broadcasting Network on Tuesday offered to take U.S. regional TV station operator Tegna Inc private at $20 per share. Tegna’s shares jumped 16% to $17.5 in extended...
