Saudi Arabia’s Public Investment Fund has made a big investment in Nintendo. It acquired a 5% stake in the Japanese company, which makes it the fifth-largest shareholder.

Tencent has released its financial report for the first quarter of 2022 (ended March 31). The Chinese tech giant recorded no revenue growth, citing a decrease in its domestic player base due to the latest game-related restrictions in the country.

Sony might be the next tech giant to offer its own approach to the metaverse. The company plans to evolve its gaming business and adopt a cross-platform strategy ahead of potential changes in the market.

CI Games wants to buy back all remaining shares of publisher United Label. The company behind the Sniper: Ghost Warrior series has made the offer ahead of a potential listing in London.

A few Wargaming employees have shared new details about the ongoing liquidation of the company’s office in Minsk. The answers varied from talks about mass layoffs to Minsk-based devs being offered to keep working under another legal entity.

Techland has opened up about its upcoming AAA open-world action RPG based on a new IP. The untitled game’s development is led by former CD Projekt RED staff, with the company now having dozens of open positions.

Dead by Daylight developer Behaviour Interactive has acquired Midwinter Entertainment, known for its online survival shooter Scavengers. As a result, the game’s console versions have been canceled.

New details about Activision Blizzard’s Diversity Space Tool have appeared online. One of the creators of this software opened up about the initial idea behind it.

Apple has made a few changes to its App Store policy regarding subscription prices. From now on, iOS developers will now be able to charge users more money without notifying them.

Take-Two has shared its financial report for the year ended March 31, 2022. The company reached $3.5 billion in revenue, with the bulk of it coming from microtransactions.

The WN Conference is coming to Istanbul on June 7-8. The program for the hybrid event has been announced, with a special metaverse track, talks dedicated to working with popular video game franchises, and NFT case studies.

Tokyo-based Success Corporation has established a special hamster department. This means more games about cute hamsters are coming in the future.

Frogwares, known for creating a series of Sherlock Holmes games, has received the Epic MegaGrant from Epic Games. The Ukrainian studio will use this money to relocate its employees to safer areas and help the ones who have already moved to other countries in the EU.

After months of silence, reports about an unconfirmed Silent Hill 2 remake have started to circulate again. The Medium developer Bloober Team is named as the studio behind the unannounced project.

Founded by former King team leads, pnkfrg (pronounced pink frog) studios has raised $3 million to create new mobile experiences based on blockchain and UGC videos.

Ubisoft India, which was the original team behind Prince of Persia: The Sands of Time Remake, has reportedly faced multiple struggles during the development. The studio had little experience and received almost no documentation from Ubisoft.

The so-called “Diversity Space Tool,” which was recently introduced by Activision Blizzard, has drawn criticism from players and developers. Some of the Overwatch creators have also denied any connection to this technology.

In 2021, the top 10 public game companies reached $126 billion in revenue combined, according to a Newzoo report. This is a 10.2% growth year-over-year, as the consolidation trend in the industry continues.

Epic Games has no plans to slow down its metaverse ambitions. The company will release the Unreal Editor for Fortnite later this year, letting everyone build their own content for the game.