GameSquare spins off creator-focused FaZe Media, raising $11M
On the heels of completing its acquisition of FaZe Clan, GameSquare announced plans to spin off the brand’s creators and non-esports assets into FaZe...
Gen.G acquires League of Legends data platform Your.gg
Esports organization Gen.G has acquired Your.gg, a League of Legends data and networking platform. The team plans to use Your.gg’s data to support instruction...
Overwolf acquires NitroPay in 8-figure deal to boost ad tech offering
Gaming add-on management platform and UGC content marketplace Overwolf has acquired gaming ad tech provider NitroPay in an 8-figure deal. Unlock premium content and...
Esports World Cup adds 30 teams to financial support program
The Esports World Cup Foundation has selected 30 global organizations to join its debut EWCF Club Support Program. Through this initiative, qualifying esports teams...
Gaming M&A activity in Q1 2024 outpaces all quarters in 2023 | Drake Star
Financing for gaming companies is on an upward trend for the first quarter of 2024 according to Drake Star Partners. Both mergers and acquisitions...
Macro concerns kept games investors cautious in Q1 2024 I InvestGame
Gaming investment activity remained muted overall in Q1 2024 according to InvestGame’s latest report. While there are some early signs of the market improving,...
At a loss: The fallout of Embracer’s months-long restructuring
Last week, the Embracer Group announced that it was finished with its internal restructuring program. These cost-cutting measures resulted in the loss of about...
Embracer to sell Saber, Star Wars: KotR remake dev, for $500M
Embracer Group has plans to sell Saber Interactive, one of its largest subsidiaries, to a group of private investors in a deal worth up...
ESL Faceit Group lays off 15% of staff 2 years after $1.5B merger
ESL Faceit Group (EFG) is laying off 15% of its global workforce in an effort to reduce organizational complexity. This translates to the esports...
PitchBook dives deep into gaming VC trends, predictions for 2024
On the heels of PitchBook’s Gaming VC market report, the firm has published a deep dive into market segment trends. Echoing its prior report,...