business-and-gaming2.59 min read
"Take-Two Acquires Gearbox Entertainment, Confirms New Borderlands Game Development"
1 year ago•Source: Game Informer
Business And Gaming News
The latest business and gaming stories, summarized by AI
Featured Business And Gaming Stories
View original source
1.39 min•1 year ago
"Embracer Group's $500 Million Sale of Saber Interactive and Gearbox"
Embracer Group is reportedly selling Saber Interactive to private investors for up to $500 million, making Saber a privately owned company with around 3,500 employees. Despite Embracer's restructuring and job cuts, Saber will continue working on the Star Wars: Knights of the Old Republic remake. The deal may also involve bringing along some Embracer subsidiaries, and Saber recently announced a new game, Jurassic Park: Survival.
More Top Stories
2
"Baldur's Gate 3 Rakes in $90 Million for Hasbro, Signaling Big Future for D&D Games"
BNN Bloomberg•1 year ago
3
More Business And Gaming Stories
"Xbox's FY24 Q2 Gaming Revenue Soars 49% After Activision Blizzard Acquisition"
Microsoft's FY24 Q2 financial results show a 49% year-over-year increase in gaming revenue, driven by the impact of the Activision Blizzard acquisition. Xbox content and services revenue rose by 61%, while hardware revenue increased by 3%. The growth is attributed to the integration of Activision Blizzard, with the company's gaming division experiencing significant expansion. However, this growth comes amid layoffs, particularly at Activision Blizzard, raising questions about the necessity of the workforce reductions despite the soaring numbers.
"Call of Duty Executive Johanna Faries Named President of Blizzard Entertainment"
Johanna Faries, former Call of Duty boss, has been appointed as the new head of Blizzard following the departure of Mike Ybarra. Faries, who previously worked for the NFL, acknowledges the differences between Activision, Blizzard, and King, and expresses respect for Blizzard's distinct games and culture. With Faries moving to Blizzard, Call of Duty's current Vice President of Product Management, Matt Cox, will take over as head of the franchise. Despite Microsoft's acquisition of Activision Blizzard, the company has committed to releasing Call of Duty on Sony's consoles for the next ten years, and live service titles like Overwatch 2 and Diablo 4 will continue to be updated on PlayStation platforms.