Zelda’s Tears of the Kingdom Powers Nintendo to New Levels

Released in May, The Legend of Zelda: Tears of the Kingdom has already sold 18.5M units — becoming Nintendo’s fastest-selling game and the third-highest-rated game of all time, per OpenCritic. This powered Nintendo’s quarterly operating earnings to a record high of $1.3B, with sales rising 50% from the previous year. And Zelda wasn’t the only…

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Microsoft Moves Mountains In Attempt to Get Its Activision Acquisition Approved

On Jan 18, 2022, Microsoft (NASDAQ:MSFT) announced plans to buy Activision Blizzard (NASDAQ:ATVI) in what would be the biggest gaming acquisition ever. Microsoft stands to benefit tremendously from the deal — making it the third-largest gaming company behind Tencent and Sony. But 16 months later, Microsoft is still having trouble getting the deal through. Finalizing…

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Sony builds on the success of The Last of Us

Second biggest HBO launch in over a decade. Over 18M views on its first ep. Nightmares for days (that terrifying clicking sound). The success of The Last of Us is shining a light on Sony (NYSE:SONY) — who co-produced the series. Now they’re looking to translate that success into other films… There’s lots of money…

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20% upside if Microsoft’s Activision acquisition goes through. And if it doesn’t?

Ten months later, Microsoft is still having trouble getting their massive $69B Activision acquisition approved. The uncertainty has sent Activision trading 20% below the $95 acquisition price. The odds are stacking against Microsoft Activision is the creator of popular games like Overwatch, Call of Duty and Warcraft. Microsoft owns Xbox and other gaming studios. Combined,…

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Pokémon: Record Launch to PR Nightmare

The launch of the highly anticipated Pokémon sold a record 10M units — the highest of any Nintendo game release. Twenty-six years after the debut of their first Pokémon game, it has evolved into an open-world 3D concept. Millennials, remember playing on the OG Game Boy? But the game quickly became a PR nightmare as…

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The gaming industry slows as gamers disconnect back to reality

Gaming sales are falling as gamers disconnect and come back to reality — coupled with a pending recession impacting spending. What’s the big deal? Gaming companies just can’t catch a break. During COVID, they couldn’t meet high demand due to supply chain issues. Those issues are finally easing, but now gaming demand is falling. The…

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AppLovin proposes merger with Unity Software to create a full-stack game development giant

Yesterday, AppLovin (NASDAQ:APP) — proposed a merger with Unity Software (NYSE:U) in an all-stock deal — valuing Unity at $20B. What’s the big deal? Unity Software’s development tools help render 3D graphics — powering 50% of all video games. AppLovin helps developers grow and monetize their mobile apps. Combined, the two could create a $35B…

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Otherside, Yuga Lab’s metaverse world, gives off Fortnite vibes

Last weekend, Yuga Labs, the creators of its NFT project Bored Ape Yacht Club — hosted a demo of their metaverse project, Otherside — and it gives off Fortnite vibes. 4,500 community members tested the demo — showcasing a 4,500 vs. 1 boss fight. Leading up to the demo, Yuga Lab’s token ApeCoin ($APE) rose…

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Gaming acquisitions continue with Joffre Capital taking a major stake in Playtika

Private equity firm Joffre Capital is buying a 20% stake in Playtika (NASDAQ:PLTK) — an Israeli mobile gaming company — from a Chinese investment group. What’s the big deal? The purchase price was at a 46% premium compared to Playtika’s previous day’s closing price. But why pay such a big premium? It’s unlikely Joffre could…

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