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Turtle Beach Expands Portfolio with $118 Million Acquisition of PDP
In a significant move, gaming accessories leader Turtle Beach has finalized the acquisition of its competitor, PDP, for a total value of $118 million. The deal includes $79.9 million in cash and the remaining amount in shares, bringing together two prominent players in the third-party gaming headset and controller market. With Turtle Beach dominating the headset sector and PDP renowned for its ra…
March 17, 2024, 11:30 a.m.
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Thirdverse Secures $3.3 Million in Latest Funding Round
Thirdverse, a prominent VR game development studio, has successfully raised $3.3 million in its latest funding round. The investment was facilitated through a third-party share allocation, backed by prominent investors Nissei Capital and VeriServe. The funds will be allocated towards the development of the studio's upcoming title, Soul Covenant, as well as expanding its team of professionals. Est…
March 15, 2024, 9 p.m.
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Reef Creative Group Takes Majority Stake in Bitmap Bureau
Reef Creative Group has acquired a significant 70% share in the UK-based game development studio, Bitmap Bureau. Established in 2016 and led by Matthew Cope and Mike Tucker, Bitmap Bureau is headquartered in Southampton. The studio has garnered recognition for its titles, including 88 Heroes, Ninja Shodown, and Battle Axe. As part of this strategic move, Reef Entertainment, a subsidiary of Re…
March 15, 2024, 8:30 p.m.
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US Federal Agencies Crack Down on Online Extremism in Social Media and Gaming
US federal agencies are taking steps to eliminate extremist content from online gaming communities. According to a recent Government Accountability Office (GAO) study, which involved interviews with representatives from Roblox, Discord, Reddit, and other major social media and gaming companies, domestic extremists are leveraging these platforms to spread their ideologies and recruit new members. …
March 15, 2024, 5:06 p.m.
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CCP Games to Open-Source Carbon Development Platform
In a significant move, CCP Games, the renowned developer of Eve Online, has revealed plans to make its Carbon Development Platform open source. This platform comprises the Carbon game engine, utilized by Eve Online, along with various components including blockchain technology. By opening up the platform, developers will have the flexibility to choose between leveraging the game engine or the blo…
March 15, 2024, 2:36 p.m.
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Over 5 Million Players Have Joined Wo Long: Fallen Dynasty
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March 15, 2024, 11:20 a.m.
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Virtuos Expands Portfolio with Acquisition of Beyond-FX
In a move to bolster its capabilities, Virtuos has acquired Beyond-FX, a renowned Los Angeles-based visual effects studio, for an undisclosed amount. Since its inception in 2015, Beyond-FX has established itself as a co-development studio, delivering high-quality VFX for AAA games, including notable titles such as Mortal Kombat 1, Valorant, and God of War. This strategic acquisition is set to enh…
March 15, 2024, 11:05 a.m.
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Behaviour Interactive Acquires Fly Studio
Behaviour Interactive has made a strategic acquisition of Fly Studio, a renowned multimedia production company founded in 1996 in Montreal. Fly Studio has an impressive portfolio, having collaborated with prominent brands such as Ubisoft, Cirque du Soleil, and Toyota on various mixed media projects. This acquisition marks Behaviour Interactive's move to broaden its market reach. The 25-member tea…
March 14, 2024, 7:05 p.m.
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Monopoly Go Surpasses $2 Billion in Consumer Expenditure
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March 14, 2024, 5:39 p.m.
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Gamestream Secures €4.5m in Funding
Gamestream, a French tech company founded in 2019, has successfully raised €4.5 million in investment. The company has already launched its cloud gaming platform across PC, TV, and mobile devices, with services available in Europe, Asia, and the Middle East. This new funding will be utilized to further expand the company's cloud gaming operations globally. According to Ivan Lebeau, President of G…
March 14, 2024, 4:56 p.m.