Embracer Group snaps up five companies for $575 million, including Lord of the Ring IP rights
Embracer Group’s buying spree continues. The Swedish holding company has announced five deals, including an acquisition of Middle-earth Enterprises, which owns IP rights to media products based on Tolkien’s works.
Nintendo acquires CG production company Dynamo Pictures, which worked on Death Stranding and Persona 5
Nintendo has acquired Dynamo Pictures, a company that produces CG and other visual content for games and anime. The team will become a wholly owned subsidiary focused on making content based on Nintendo IPs.
Unity to merge with ironSource in deal valuing app monetization platform at $4.4 billion
Unity has announced a merger agreement with app monetization platform ironSource, which is now valued at $4.4 billion. The companies plan to build a unique platform for creating, publishing, and monetizing games.
Blizzard acquires Spellbreak developer Proletariat to satisfy WoW fans’ “voracious appetite”
Proletariat, known for making fantasy battle royale Spellbreak, has officially joined the Blizzard family. The team will be working on World of Warcraft and upcoming expansions to satisfy fans’ “voracious appetite” for new content.
Saudi Arabia’s wealth fund invests $1 billion in Embracer Group, becomes its second-largest owner
Savvy Gaming Group, established by Saudi Arabia’s Public Investment Fund, has acquired a $1 billion stake in Embracer Group. This marks its second large investment in the Swedish games industry this year.