Augmented reality glasses firm Magic Leap confirmed today that it has raised $793.5 million from Alibaba Group and other investors. Together with the expected closing of the $5.9 billion acquisition of King by Activision Blizzard, the Magic Leap funding could do wonders for game-related deal activity in 2016.
As we noted yesterday, game industry transactions for investments and acquisitions dropped 81 percent in 2015, according to tech adviser Digi-Capital. But in this age of mega-deals, one big transaction can make a big difference in whether the year is up or down, and that influences how investors perceive the overall investment worthiness of the game industry.
GamesBeat