Microsoft could see inroads in Chinese esports/gaming with Activision deal

Esports / Friday, January 21, 2022
Microsoft would be getting a piece of the Chinese esports market if the Activision Blizzard deal goes through. Tencent and NetEase are the two biggest game publishers in China, and both have massive connections with Activision Blizzard. Tencent has a 5% stake in Activision Blizzard and has the distribution...

Take-Two's purchase of Zynga highlights shift to mobile gaming

Esports / Thursday, January 13, 2022
A growing trend toward mobile gaming and away from PCs and consoles is on full display with Take-Two Interactive's purchase of mobile publisher Zynga, notes SBJ's Austin Karp. The estimated $11 billion deal will likely mark a record sale in the video game business. Take-Two said it expects mobile...

DRX expands esports team portfolio through Vision Strikers acquisition

Esports / Friday, January 7, 2022
South Korean esports management organization DRX has acquired Incheon-based eDreamWork Korea, the parent company of South Korean team Vision Strikers. As part of the acquisition, the Vision Strikers brand is expected to merge into the DRX brand. The purchase price for eDreakwork Korea was undisclosed. DRX was formed at...

Team Vitality secures $57 million investment to build esports super teams

Esports / Friday, January 7, 2022
Team Vitality has secured a $56.6 million investment from esports venture fund Rewired.gg. The Paris-based esports team will receive the proceeds from Rewired.gg’s investment spread over three years. With its new funding, the organization is investing heavily in esports talent to pursue its ambitious goals of “creating European super...

Jack Tretton-backed effort looks to dig into gaming with IPO

Esports / Thursday, January 6, 2022
The esports and gaming industry is busy on the capital markets early in the year. The latest to join the hustle is a group of esports and gaming execs, which filed for an IPO on Nasdaq. Led by former Sony Computer Entertainment America CEO Jack Tretton, the Cayman Islands-based...

Esports investments for 2021 now near $10.2 billion after November

Esports / Monday, December 6, 2021
Disclosed investments in 2021 by the esports-relevant companies head into the final month of the year totaling nearly $10.2 billion. Last month saw 10 investments amount to $138 million. Below are some of the more notable deals from the month of November. OpTic Gaming merges into Envy...

Latest 100 Thieves investment values the company at $460 million

Esports / Friday, December 3, 2021
100 Thieves secured a $60 million Series C investment round at a $460 million, with San Francisco-based Green Bay Ventures leading the effort. Other investors that participated in the round include Breyer Capital, Aglae Ventures, Tao Capital, Willoughby Capital and Artist Capital. L.A.-based 100 Thieves is the latest...

Panda Global sees immediate returns with Kickstarter controller effort

Esports / Thursday, December 2, 2021
U.S.-based esports organization Panda Global has raised more than $700,000 in less that 24 hours in a Kickstarter campaign for its custom gaming controller designed for Super Smash Bros. players. The campaign reached its initial goal of $100,000 in less than an hour. The Panda team creates the controller...

Epic Games acquires Harmonix to create 'musical journeys' for Fortnite

Esports / Tuesday, November 23, 2021
Boston based game developer Harmonix announced Tuesday that it has been acquired by Fortnite maker and Rocket League owner Epic Games. Harmonix is best known for developing the Guitar Hero series of music games and associated peripherals. Financial terms of the deal were not disclosed. In a...