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Sony Unloads SOE

FEB. 2, 2015 • With a projected ¥230 billion ($2 billion) loss looming for the fiscal year ending March 31, Sony Corporation has sold its Sony Online Entertainment (SOE) business to Columbus Nova. Financial terms were not disclosed. In December 2010, Columbus Nova set up Harmonix-SBE Holdings to acquire Harmonix Music Systems from Viacom Inc. […]

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Riccitiello Helms Unity

OCT. 23, 2014 • Former CEO of Electronics Arts, John Riccitiello, has joined Unity Technologies as CEO. Riccitiello has been a board member at the game engine firm since 2013. Unity co-founder David Helgason is stepping down from the executive position. According to Helgason, Riccitiello has been devoting many more hours than most board members working […]

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Mojang Goes For $2.5B

SEPT. 15, 2014 • Following two weeks of leaked accounts that Minecraft studio Mojang AB was in negotiations to be acquired by Microsoft Corp., both parties announced that the developer will be purchased for $2.5 billion. The deal is set to close by the end of 2014. Mojang and its game properties will pass to […]

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GameFly Unloads Direct2Drive

AUG. 25, 2014 • Three years after digital distributor Direct2Drive was acquired from News Corp by GameFly, Inc., the service has been sold to Taipei-based AtGames Digital Media Inc. Terms of the acquisition were not publicly disclosed. GameFly announced the agreement on its website via a note to its customers stating the game retailer will […]

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Digital Extremes Targeted

JULY 8, 2014 • In a disclosure with the Hong Kong Stock Exchange, Sumpo Food Holdings Ltd. has outlined its intent to partner with Perfect Online Holding Ltd. to acquire Ontario, Canada-based developer Digital Extremes Ltd. The Chinese firms have entered into a non-binding term sheet with the studio under which Digital Extremes agrees not […]

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GameStop Shifts Digital Course

MAY 21, 2014 • Three years after GameStop Corp. acquired the Impulse digital game distribution service and streaming firm Spawn Labs, the retailer is taking a different approach to its digital sales. Starting this week, GameStop will no longer service nor deliver digital purchases of PC games via its own Impulse server infrastructure. Consumers who […]

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Facebook Grabs Oculus

MARCH 26, 2014 • In a major surprise, Facebook Inc. has acquired Oculus VR Inc. for $400 million in cash and $1.6 billion in stock. The latter is the virtual reality technology company founded by 21-year-old Palmer Luckey who was an engineer at USC’s Institute for Creative Technologies, and built early interest in his product proposal […]

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Kabam Bags Phoenix Age

MARCH 10, 2014 • Kabam, Inc. is bringing another independent studio under its banner, Phoenix Age. Financial terms of the acquisition were not disclosed. However, Kabam told the Wall Street Journal last month that it had more than $70 million in cash available. Since 2007 Kabam has raised $125 million through four funding series, and […]

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MSFT Acquires Gears IP

JAN. 28, 2014 • Epic Games’ Gears of War franchise has been acquired by Microsoft Studios. Financial terms were not disclosed but the deal secures the IP for Microsoft including rights to all existing and future games, entertainment experiences and merchandise. Vancouver, BC-based Black Tusk Studios will now be responsible for development of Gears of […]

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MSFT Grabs Nokia HW Biz

SEPT. 3, 2013 • With its 2011 partnership deal coming up for recommitment next year, Microsoft Corp. is paying €5.44 billion ($7.2 billion) to purchase Nokia Corp.’s phone business outright. The transaction amount is about one-quarter of Nokia’s 2012 sales. Of the total, €3.79 billion is devoted to purchasing Nokia’s devices business and 8,500 key […]

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