Entries in acquisition (123)

Sunday
Aug202023

Sega completes USD 776 million Rovio acquisition

Sega Sammy

Sega Sammy has finalized its acquisition of Rovio, the developer behind the Angry Birds franchise, for USD 776 million. The deal was announced in April, but required some regulatory approvals. Sega hopes to boost its presence in the mobile gaming market with Rovio’s expertise and assets.

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Thursday
Jul132023

FTC appeals judge’s ruling on Microsoft-Activision deal

The U.S. Federal Trade Commission (FTC) said it is challenging a judge’s approval of Microsoft’s USD 69 billion Activision Blizzard deal. Microsoft vowed to fight back and said the FTC had a weak case. The judge had dismissed the FTC’s claim that the deal would hurt consumers by giving Microsoft exclusive access to popular games like Call of Duty. The FTC could ask the appeals court to halt the deal by Friday. 

Meanwhile, Britain’s Competition and Markets Authority said a revised deal could ease its worries, pending a new probe. 

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Saturday
Jun172023

Squarespace to buy Google Domains

Google Domains, a service that lets people easily create websites, is shutting down. Website builder and hosting provider Squarespace has announced that it will take over about 10 million domains from Google. The deal is expected to close in the third quarter of 2023.

Squarespace promises to keep the same pricing for existing customers for at least a year after the acquisition. It also says it will use Google’s technology to ensure the domains are transferred smoothly.

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Friday
Apr212023

Sony buys Firewalk Studios

Image: Sony Interactive Entertainment

Sony Interactive Entertainment struck a deal with Firewalk Studios to publish a PlayStation 5 exclusive multiplayer game. Now, it's buying the studio outright. Sony announced that it reached an agreement with ProbablyMonsters Inc to acquire the studio.

The deal will roll Firewalk Studios and its team into the PlayStation brand. But its operations will continue to be run by the studio's existing management team. However, Sony didn't mention anything about the PS5-exclusive title it's working on, but it wanted to highlight the team's experience with working on Destiny at Bungie and Activision.

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