Tag: acquiring
Sega could be acquiring Angry Birds developer Rovio for $1 billion
Sega might be acquiring Angry Birds developer Rovio for a surprisingly large sum of $1 billion, closing the deal as early as next week.
This comes from a report from The Wall Street Journal, who has spoken to people familiar with the situation. The deal is apparently expected to wrap up sometime next week, assuming discussions don’t fall through or anything else gets in the way. An official comment on the potential deal hasn’t been provided by Sega or Rovio. Earlier this year Israeli digital entertainment company Playtika was gearing up to acquire Rovio for a smaller sum of almost $800 million, but talks ended in March.
Rovio is obviously best known for the Angry Bird series, the first game of which was released in 2009. It was incredibly successful right from the get go, spawning numerous sequels, spinoffs, merchandise, and a couple of movie adaptations. But the series’ popularity has waned over the years, particularly with the change in mobile gaming habits moving from casual experiences to more in depth, fleshed out ones like with titles like Genshin Impact. All of which makes it a bit odd that Sega is potentially acquiring the developer, especially for such a large amount of money (although I guess for companies that big, only numbers like Microsoft’s $70 billion acquisition of Activision Blizzard count as a lot of money).
Sega is Reportedly Close to Acquiring Angry Birds Developer Rovio for $1 Billion
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FTC seeks to block Microsoft from acquiring Activision Blizzard alleging it will suppress competition
The Federal Trade Commission (FTC) is seeking to block Microsoft from acquiring Activision Blizzard.
An independent agency of the US government, the FTC alleges the $69 billion deal would enable Microsoft to suppress competitors to its Xbox gaming consoles.
In a complaint issued December 8, the FTC pointed to Microsoft’s “record of acquiring and using valuable gaming content to suppress competition from rival consoles.” The agency specifically called out Microsoft’s acquisition of ZeniMax, Bethesda’s parent company, and the decision to make some of the studio’s titles exclusive to PC and Xbox. This was done “despite assurances” Microsoft gave to European antitrust authorities that it had “no incentive to withhold games from rival consoles,” calling out Starfield and Redfall specifically.
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Embracer close Hitman Go developers just months after acquiring them
The developers of Hitman Go, Lara Croft Go and Deus Ex Go are shutting down. Onoma, previously known as Square Enix Montreal, were acquired by Embracer in August alongside Square Enix’s other western development studios. Some staff will be transferred to another acquired studio, Eidos Montreal, sources told Bloomberg (registration required).