Gaming titans call on greater gaming UK investment amid foreign takeovers February 28, 2022 Gaming veterans Sir Ian Livingstone and David Braben have called on the UK to ramp up its investment in the gaming industry following a sweep of foreign snap-ups. Livingstone, who was behind Tomb Raider’s Lara Croft, told the Financial Times in an interview: “You’ve seen how many companies have just sold out earlier than they [...]
UK videogame investment booms with M&A hitting £1.9bn in 2021 January 31, 2022 The UK gaming industry flourished in the past year, as the pandemic turned gaming into a social activity, expanding demographics and a widening its consumer base. M&A deals for UK video game makers hit £1.9bn in 2021, a 63 per cent increase on the £1.2bn in 2020, according to research from accountancy and business advisory [...]
League of Legends studio pays £74m in gender discrimination damages December 28, 2021 League of Legends studio Riot Games has agreed to pay $100m (£74.3m) to settle a 2018 class-action gender discrimination case.
Don’t switch off yet: TV’s ‘water cooler moments’ and 150m subscriptions cancelled in 2022 December 1, 2021 The technology, media and telecommunications (TMT) practice at Deloitte, has today announced its predictions for the sector in 2022, which includes gaming, wearable devices and TV streaming.
Nintendo Switch ranked the most successful game of all time with 22m consoles sold per year November 11, 2021 New research has revealed the most successful game consoles of all time, with the Nintendo Switch topping the list.
Devolver Digital hits almost £805m valuation as shares surge on AIM debut November 4, 2021 US video game maker Devolver Digital made a shining debut on London’s junior AIM market this morning, as shares surged more than 15 per cent. After listing at a placing price of 157p per share this morning, pitching its market cap at almost £700m, Devolver’s shares surged to 181p per share at midday, pushing its [...]
Game on: Aristocrat bets £2.7bn on takeover of gambling platform Playtech October 18, 2021 Gaming technology company Aristocrat is acquiring the entire issued and issued ordinary share capital of gambling platform Playtech for 680p in cash per share. The acquisition, made through a subsidiary of Aristocrat – Bidco – has an approximate value of £2.1bn on a fully diluted basis, with £2.7bn value on an enterprise value basis. “This [...]
Entain caught between US rivals DraftKings and MGM as £18bn takeover looms September 22, 2021 Ladbrokes owner Entain has confirmed a £18.4bn takeover bid by US betting giant Draftkings which puts the FTSE 100 company at the centre of a battle between its US partner MGM and its prospective buyer. In a statement published yesterday, the board of Entain confirmed it had received a second takeover offer from Draftkings on [...]
‘We’re in a great place’: Frontier Developments charts robust growth despite release hiatus September 8, 2021 Shares in Frontier Developments rose this morning after the video game publisher hit its target full-year sales despite no new releases and the board projected strong 2022 growth due to its “strongest ever” games roadmap. The AIM-listed firm reported a pre-tax profit of £19.2m in the year to the end of May, up 20 per [...]
Chinese state media softens tone on online gaming August 4, 2021 Chinese state media has softened its rhetoric on online gaming after a highly critical article sent the value of leading tech companies into a tailspin. A piece published by the Economic Information Daily on Tuesday likened online games to “spiritual opium” sparking fears of a regulatory crackdown. In response the value of Tencent Holdings Ltd., [...]