Integrated Media Company plans to buy Playstack, publisher of the acclaimed indie title Balatro, in a deal valued at approximately 151 million dollars.
The acquisition involves the sale of 84.5 percent of Playstack from Trufin Holdings to VantageCo Limited, a subsidiary of Integrated Media Company. The transaction, announced in a May 21 notice, remains subject to shareholder approval and has not been finalized.
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Sony has taken a major financial hit on its bungie acquisition, recording an impairment loss of roughly $765 million for the fiscal year. The charge stems from underperformance by destiny 2 and the new extraction shooter marathon.
Take-Two Interactive CEO Strauss Zelnick discussed potential acquisitions during an investor call. The comments came after the release of the company’s full fiscal year earnings. Zelnick highlighted three uses for incoming cash from Grand Theft Auto VI.
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Savvy Games, owned by Saudi Arabia’s sovereign wealth fund, has entered an agreement with ByteDance to acquire Moonton Games for $6 billion. The deal marks another major investment in the gaming industry by the Saudi entity. Moonton, a Shanghai-based developer, is known for hits like Mobile Legends: Bang Bang.
Colombian microdramas platform Idilio announced the closure of a US$5 million seed round. The investment was led by Andreessen Horowitz through Speedrun. The funds will support content production, hires and user acquisition.
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David Ellison, chairman and CEO of Paramount Skydance, reaffirmed plans to release 30 films theatrically each year following the merger with Warner Bros. Discovery. The company anticipates significantly lower theatrical revenue in 2026 despite nearly doubling its film slate. Ellison described the pending acquisition as a 'powerful accelerant' to the company's strategy.
A federal judge in the Northern District of California has granted preliminary approval to a $7.85 million class-action settlement against Sony Interactive Entertainment over alleged anticompetitive practices on the PlayStation Store. Eligible US PlayStation Network users who bought certain digital games or vouchers from April 1, 2019, to December 31, 2023, could receive automatic store credits or refunds, even if accounts are inactive (contact lawyers if former user). A final fairness hearing is set for October 15, 2026.
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The Wallenberg family is set to become the largest owner in the struggling steel company Stegra, Dagens industri reports citing multiple sources. Investors are providing 15 billion kronor to rescue the green steel project, with the Wallenberg sphere covering half. Lenders will release nearly 10 billion kronor in previously frozen loans.