MCV/DEVELOP News, events, research and jobs from the games industry
Japanese games firm GungHo Entertainment has decided to sell its stake in Clash of Clans creator Supercell. The stake has been soft to GungHo’s parent company SoftBank so that the former can focus on emerging markets. China, Southeast Asia and South America were specifically identified according to GamesIndustry. To that …
Read More »Amazon acquires rights to Yodel stake
Delivery company Yodel will soon be part-owned by Amazon. The Guardian reports that the retailer has been given the right to acquire a 4.2 per cent stake in the Hatfield-based firm for 8.7m, valuing it at 207m. Yodel ships around 135m parcels a year and is the UK’s second largest …
Read More »Nintendo buys stake in mobile content firm, shares rocket
Shares in Nintendo have jumped over five per cent after it emerged that the platform holder has acquired a stake on Japanese mobile content provider Dwango. Onlookers have for some time awaited Nintendo’s first move to bring its cherished IP to either the mobile market or even – if you …
Read More »Vivendi seeks payout after Acitivision Blizzard sale fails
French telecoms giant Vivendi is reportedly looking for ways to extract cash from Activision Blizzard. The company currently owns a 61 per cent stake in the Call of Duty publisher, but has been trying to sell this over the past few months. With no interest from other parties, Vivendi is …
Read More »Vivendi preparing fresh effort to sell Activision shares?
French media giant Vivendi could once again be preparing to try and sell its interest in Activision. The Wall Street Journal reports that following confirmation of its profits decline earlier this week, Vivendi CFO Philippe Capron confirmed the company’s consideration of a variety of options” regarding Activision Blizzard. "The board …
Read More »SoftBank to acquire majority stake in GungHo
Japanese telco SoftBank has announced its attention to significantly increase its stake in mobile gaming site GungHo. The company plans to spend 25bn ($265m) on over 73,000 shares, taking its overall share ownership from 33.6 per cent to 58.5 per cent. It will acquire the shares from Asian Groove, a …
Read More »Chinese games giant Tencent buys Epic Games stake
One of the giants of games and internet in China has made a move into the West – Tencent has announced it will buy a minority stake in Epic Games. Nothing much changes for the studio responsible for Unreal Engine and games including Gears of War. It will still be …
Read More »Disney acquires majority stake in UTV
The Walt Disney Company has obtained a controlling stake in UTV including the media firm’s games publishing arm UTV Ignition. Disney will be complete the acquisition shortly via a delisting action which will see UTV’s shares removed from local stock exchanges. It will start this process from February 6th, according …
Read More »Tesco acquires Blinkbox
Retailer Tesco has made a bold move into the digital space by acquiring a majority 80 per cent stake in video-on-demand service Blinkbox. Blinkbox, which launched in April 2008, boasts around 2m UK visitors a month and has a catalogue including over 9,000 movies and many TV shows. It offers …
Read More »EA sells stake in Ubisoft
Bloomberg is reporting that American publishing giant EA has sold its 15 per cent stake in rival company Ubisoft, ending a sometimes uncomfortable business partnership that has lasted almost five years. The deal should make EA, who was until this point Ubisoft’s largest shareholder, in the region of $122m. As …
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