In 2021, video game companies have set a new record in terms of M&A and investment deals. Their total value has already reached almost $50 billion.

With E3 2021 slated to start less than ten days from now, the organizers have revealed the official schedule.

TikTok company ByteDance has acquired a 36.2% share in Umi Game. Tencent is opening a new office in Los Angeles which will be home to the company’s growing video games business.

Larian continues to expand and opens a new office in Barcelona. It consists of the BlitWorks development team, a studio known for porting games on different platforms.

Sony has officially announced the newest addition to the PlayStation Studios family, which is Team Asobi. The Japanese studio is known for creating Astro’s Playroom and will now focus on “colorful games for all ages.”