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Why is the $180bn games industry shedding thousands of staff?

The Guardian M&A

Despite healthy sales, publishers such as Epic Games and Activision Blizzard are making hundreds of employees redundant – which may radically reshape the industry It is widely agreed that 2023 was a stellar year for video games. Microsoft laid off 1,900 Activision Blizzard staff after its $69bn purchase of the company.

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SoftBank-Backed Improbable Sells Off Metaverse Gaming Arm For $97M To Keywords Studios

Benzinga

In a significant move in the gaming industry, Improbable , a British metaverse company, has divested its gaming division, The Multiplayer Group (MPG) , to the Ireland-based video game developer, Keywords Studios for $97 million. The deal was sealed on Sunday as reported by CNBC.

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9th Circ. Upholds Tossing Skillz Gaming Tech Investor Suit

Law 360 M&A

The Ninth Circuit on Tuesday upheld a decision to toss a proposed class action claiming that mobile gaming company Skillz Inc. misled investors about its technology prior to a 2021 merger with a special purpose acquisition company, ruling that issues with the gaming software do not make the company' statements false or misleading.

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Bryan Cave Gaming Guru Talks M&A After Microsoft-Activision

Law 360 M&A

As observers of M&A in the video game sector are well aware, 2023 saw quite the anomaly when, despite pushback from regulators in the U.S., Here, Law360 speaks to Bryan Cave partner Kurt Ma about the significance of that deal, Saudi Arabia’s foray into the gaming sector, and more.

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China's Leading Gaming Company NetEase Snaps Canadian Gaming Studio SkyBox Labs

Benzinga

NetEase, Inc (NASDAQ: NTES ) scooped Canadian gaming studio SkyBox Labs , which co-developed significant games, including Halo Infinite. SkyBox labs will operate independently under NetEase, China's second-biggest gaming company, CNBC reports. The financial terms of the transaction remained undisclosed.

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EU OKs Microsoft-Activision Deal On Cloud Gaming Promises

Law 360 M&A

mollified that commitments to freely license games via "any cloud game streaming services" bloc gamers use will address the competition concerns that spurred U.K. European Union antitrust officials signed off Monday on Microsoft Corp.'s s planned $68.7 billion takeover of Activision Blizzard Inc.,

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Fannie’s ‘Equity’ Plan: The Drinking Game

Appraisers Blog

What makes equity so invidious as a governing tenet is that it involves not just helping people of one racial or cultural group but it has the effect of knocking struggling members of disfavored groups out of the game. These alcohol-fueled “think and drink” games are highly challenging. A synopsis is….

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