Take-Two has announced that it will be selling senior notes worth $2.7 billion in a new public offering. This money will go to partly fund the company’s acquisition of mobile publisher Zynga.

Activision Blizzard has decided to convert 1,100 testers to full-time employees and increase their pay in the wake of ongoing criticism. However, members of the Raven Software QA team won’t get any raises.

Ryan James Smith, tech art R&D director at Gearbox, has introduced a black hole model he’s been working on for a year and a half. The whole project was made with Unreal Engine.

Newzoo has shared new data on the cloud gaming market, saying that global revenues in the area will quadruple by 2024. According to analysts, this industry segment has reached an inflection point.

LEGO and Epic Games have announced a long-term partnership to create a metaverse space designed specially for children. The companies’ intent is to build a digital environment where kids can play and create content.

Celebrating its 21st anniversary, developer and publisher Miniclip has decided to move away from its web gaming platform. The company will close most titles available on its website to focus on mobile.

Mobile publisher Voodoo has launched its own academy, a special training program aimed at hyper-casual developers. Students will also receive different prizes if they hit different milestones during the learning process.

CD Projekt’s digital storefront GOG has announced a shift in its strategy, going back to its roots. The company wants, once again, to become the best place for classic DRM-free PC games.

Jeff Ross, one of the game directors of Days Gone, has revealed that he is now a part of Crystal Dynamics team. He will serve as the studio’s design director.

Sky Mavis, a Vietnam-based company known for creating NFT game Axie Infinity, has raised $150 million. The sum will go to restoring funds stolen from its Ronin Network in the largest hack in cryptocurrency history.

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Google has banned South Korean developers from updating their apps containing links to third-party payment methods under the threat of delisting. This move, however, would breach the so-called “Anti-Google law.”

Jack Tretton, one of the creators of the first PlayStation, has announced his intent to acquire a game publisher or developer. He is now planning a deal through his own special purpose acquisition company (SPAC).

Unreal Engine 5 has been officially launched today for all developers. Epic Games also released a new sample game called Lyra to help users learn more about the engine’s capabilities.

Igor Bukhman, the billionaire co-founder of mobile developer and publisher Playrix, has opened up about how things have changed for the company and its thousands of employees since Russia sent troops to Ukraine on February 24.

Ubisoft has announced Rainbow Six Mobile, a standalone version of its tactical first-person shooter for iOS and Android. The free-to-play game is expected to launch later this year.

Wargaming employees located in Minsk, Belarus, have opened up about the company’s decision to close this office and leave the country. It looks like they didn’t know about it beforehand and currently can’t understand whether they will be offered relocation options.

Roblox founder and CEO David Baszucki has been awarded a significant pay raise in the wake of the company’s success. He will receive compensation of almost $233 million.

Poland-based developer and publisher 1C Entertainment has started to lay off its employees located in Russia, according to the latest reports. The company’s CEO, however, denied the information, saying that the teams continue to work in regular mode.