Electronic Arts spent a total of $3.5 billion on mobile acquisitions in 2021, adding several hit games to its portfolio. However, its mobile revenues have been actually declining ever since, as the company seems to be repeating the same mistakes it made over a decade ago.

Astra Fund is a new venture fund supporting “thinking games.” The company established by thatgamecompany (Journey) former producer Eileen Hollinger and 9 Dots president Josh Taylor has already invested in six indie titles.

Epic Games has closed a $2 billion round of funding with participation from Sony and KIRKBI. The company will use the money to advance its vision to “build the metaverse and support its continued growth.”

China’s National Press and Publication Administration (NPPA) has approved the first portion of video games in 263 days. It was the longest freeze in the country since 2018.

Coda is now reportedly nearing a deal to raise private funds at around a $2.5 billion valuation. The Singaporean firm is known for providing payment solutions for Activision, Tencent, and other big game companies.