EC approves UK video games tax breaks

Tax breaks for the UK video games industry are happening. The ‘will they won’t they?’ saga that has rumbled on for years has now been green lit, as previously confirmed by MCV last week. The European Commission has concluded that UK plans to grant certain tax relief to producers of …

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Oculus Rift backers react in anger to Facebook buyout

A number of those who supported Oculus Rift’s Kickstarter campaign have lashed out at its sale to Facebook. Although there is nothing in Kickstarter’s T&Cs to prevent a company being acquired, many backers feel betrayed that their money has helped to fund a product that is now owned by Mark …

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King suffers worst IPO day one of 2014

It was a rough day on the markets for casual games maker King yesterday. The Candy Crush Saga maker kicked off its IPO with an introductory stock price of $22.50. By the end of trading that had fallen to $19 – a decline of 15.5 per cent that VentureBeat says …

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