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SoftBank Sells Supercell for $8.6B

JUNE 21, 2016 • Clash of Clans developer Supercell Oy is being acquired by Tencent Holdings Ltd. from SoftBank Group Corp. for $8.6 billion. Softbank bought a 51% stake in Supercell for $1.5 billion in 2013, and increased that stake to 73.2 percent last year via external investors. Tencent will control up to 84% of […]

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The Fall of Microsoft’s Game Biz

MAY 16, 2016 • The recent news that Microsoft Corp. was shutting down its highly ambitious Project Spark game/service received only muted attention but it is a sign of how the company is becoming increasingly irrelevant in the game space. Project Spark was a virtual world building game along the lines of Minecraft. It was hampered […]

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Old School Capcom Beats Forecast

Packaged goods, primarily console revenue, boosted Capcom Co., Ltd. significantly beyond forecasts for the fiscal year ending March 31. A year ago the company projected that it would sell 6 million packaged units during the 12-month period and ended up selling 8.9 million units.

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Gibeau Becomes Zynga CEO

MARCH 3, 2016 • Former Electronic Arts, Inc. executive vice president of EA Mobile, Frank Gibeau, has signed on to become the next chief executive officer of Zynga Inc. He has been on Zynga’s board last fall. Mark Pincus is stepping down from the CEO post he reclaimed in April of last year when Don […]

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Goodbye SCE, Hello SIE

JAN. 26, 2016 • As of April 1, Sony Computer Ent. Inc. and Sony Network Ent. International LLC are merging together to create Sony Interactive Ent. LLC (SIE). All business units making up each of the divisions including hardware, software, content and network services operations will fall under the new entity to be based in […]

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Activision Bets On Esports

OCT. 22, 2015 • Seeking to capitalize on its deep stable of competitive game franchises, Activision Blizzard, Inc. is creating a separate division alongside its Blizzard Ent. and Activision Publishing arms to produce and distribute top-tier competitive gameplay video worldwide. Hired to run the new division were former ESPN and NFL Network chief executive Steve […]

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Radeon Gets Own Group

SEPT. 11, 2015 • This week, Advanced Micro Devices, Inc. created a separate Radeon Technologies Group for its graphics business. The chipmaker is promoting Raja Koduri to lead the new group as senior vice president and chief architect. Koduri was director of advance technology development at ATI Technologies Inc. when it was acquired by AMD in […]

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More Rovio Layoffs

AUG. 26, 2015 • More than a third of Rovio Entertainment Ltd.’s workforce will be laid off during the next six weeks to streamline costs. The Angry Birds maker plans to lay off 230 employees in Finland and another 30 overseas. The only projects not seeing staff cuts are employees in the United States and […]

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Mattrick Leaves Zynga

APRIL 9, 2015 • Don Mattrick has relinquished his positions as chief executive officer and board member of Zynga Inc. The company formalized a separation agreement with Mattrick through which all parties concurred that his employment would terminate on April 8. The agreement provides up to $25,000 to Mattrick to cover fees for legal advice […]

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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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