Video Games

Griffin Gaming Closes $750M Venture Fund

Griffin Gaming Partners has closed a $750 million venture fund to invest in the gaming space, marking the company’s second fund.

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‘Fortnite’ Maker To Acquire Bandcamp

Epic Games, the video game publisher best known for “Fortnite,” announced plans to acquire independent music storefront Bandcamp.

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Netflix Offers $72M To Acquire Game Developer

Netflix has reportedly offered to acquire Next Games, the developer behind “Stranger Things: Puzzle Tales,” for around $72 million.

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Saudi-Backed Group Merging ESL, FACEIT in $1.5B Deal

Savvy Gaming Group has purchased esports companies ESL and FACEIT for a combined $1.5 billion to form the ESL FACEIT Group

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Tencent Sells Off $3B Stake in Gaming Company

Tencent sold off around $3 billion in gaming and e-commerce company Sea. It will reallocate funds to other business and social initiatives.

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EA Files Patent for Recommending Friends with Similar Gaming Habits

Electronic Arts has filed a patent that will make online friend recommendations to gamers based on their gaming habits.

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Andreessen Horowitz Leads $150M Round for ‘Axie Infinity’

Sky Mavis, the developer behind crypto-based game ‘Axie Infinity,’ is now valued at close to $3 billion.

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Netflix CEO 'Thrilled' About Efforts Beyond Film, TV

Netflix co-CEO Ted Sarandos said on Monday that he’s “thrilled” with the comopany’s efforts as it moves into gaming.

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Activision Blizzard To Pay $18M In Settlement

Activision Blizzard agreed to pay $18 million as part of a settlement with the Equal Employment Opportunity Commission.

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Chinese Investors Buy $745M in Reduced Tencent Stocks

Chinese investors bought $745 million in Tencent stocks in August. The gaming giant’s stock dropped 45.8% from mid-July to mid-August.

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