:Sony Interactive Entertainment will acquire Bungie Inc, the original creator of the"Halo" videogame, in a deal valued at $3.6 billion, making it the latest in a wave of consolidations sweeping the gaming sector.
"While this is one of Sony's biggest ever acquisitions, the amount paid by Microsoft puts into context the heavy competition faced in this sector," said Piers Harding-Rolls, gaming analyst at Ampere Analysis. The video game space is consolidating rapidly to tap a surge in demand created by the pandemic, with new deals blurring the lines between PC and mobile gaming companies as these firms hunt for new revenue streams.
Big names companies have also been trying to bring talent and intellectual property behind popular titles in-house rather than partnering with studios, giving them more access in a growing, high-value market.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elliott, Vista Equity to buy software firm Citrix in $16.5 billion dealHedge fund Elliott Management and investment firm Vista Equity Partners have agreed to buy Citrix Systems in a deal valued at $16.5 billion, the cloud computing company said on Monday.Reuters reported on Sunday that Elliott and Vista were nearing a $13 billion deal for Citrix, citing a person familiar wit
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Elliott and Vista nears $13 billion deal to buy Citrix - sourceElliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about $13 billion, according to a person familiar with the matter.The deal, which could be announced as soon as early this week, came after Elliott and Vista j
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Crypto exchange FTX valued at US$32 billion as SoftBank investsLONDON: Major cryptocurrency exchange FTX raised US$400 million from investors including SoftBank at a valuation of US$32 billion, it said on Monday, making the platform one of the most valuable start-ups in the fast-growing digital currency sector. The funding round also included investments from Singapor
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
'China's Tesla' Nio mulling SGX secondary listingIn its September 2018 US IPO, Nio raised some US$1 billion by selling 160 million American depository shares at US$6.26 each.
Source: YahooSG - 🏆 3. / 71 Read more »
Transfer deadline day dealsLONDON : Latest news and highlights from Europe's top football leagues on transfer deadline day (times GMT):1634 SPURS SIGN BENTANCUR, KULUSEVSKI FROM JUVENTUSPremier League club Tottenham Hotspur have signed midfielders Dejan Kulusevski and Rodrigo Bentancur from Serie A side Juventus.Juve
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US Senate close to deal on legislation to sanction Russia, senators sayWASHINGTON: US senators are very close to reaching a deal on legislation to sanction Russia over its actions on Ukraine, including some measures that may take effect before any invasion, two leading senators said on Sunday (Jan 30). Senators Bob Menendez and James Risch, the chairman and top Repu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »