All publications for 11.04.2022
Why EA saw decline in mobile revenue despite obtaining big hits through Glu and Playdemic acquisitions
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 invests in six “thinking games,” including new title from Braid and Carto creators
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 raises $2 billion from Sony and LEGO parent company KIRKBI at $31.5 billion valuation
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.”
Singaporean payment processing company Coda approaching funding at $2.5 billion valuation
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.