Hints and tips:
...The last owner before Carlyle was the asset manager Macarthur Fortune Holding, which paid $530mn to buy Jagex in 2020 from Shanghai Hongtou Network Technology....
...valuation obtained is ever more remarkable when you consider that the £502mn Carlyle paid for Jagex (according to the holding company’s accounts) consisted primarily of £341mn for the company’s “brand, technology...
...Macarthur paid $530mn to buy Jagex in 2020 from Shanghai Hongtou Network Technology....
...Victor Lazarte, the co-founder and chief of gaming start-up Wildlife Studios, has joined venture capital firm Benchmark as a general partner....
...“We look forward to supporting the Skydance team as they continue to build their business across TV, film, animation, gaming and sports,” said Ted Oberwager, who leads gaming, entertainment, media and sports...
...Credit Suisse has hired Jeff Spurlock as a managing director in its technology group, based in New York. He joins from UBS....
...Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . . Exponent Founders Capital I, LP . . . SH Fund, LP . . . Curated [chef recommends] . . . Race Capital II, LP . . ....
...“We realised there are a lot of categories of technology and talent that we needed access to that we didn’t have and couldn’t build fast enough,” he told the FT in an interview....
...Roblox hits Chinese wallIn July, online gaming company Roblox hired dancers in cosplay outfits to perform at its Shanghai opening ceremony, marking the start of its much-vaunted attempt to crack the Chinese...
...A series of government crackdowns across technology, entertainment, education, gaming and cosmetic surgery sectors have also placed investors in a precarious spot....
...Crackdowns on technology, education, gaming and cosmetic surgery sectors under President Xi Jinping’s “common prosperity” drive, and restrictions on overseas listings, have unnerved foreign investors, who...
...It has established itself as one of the dominant players in mobile gaming in part through numerous acquisitions, and benefited from a boom in usage during the pandemic....
...DD would love to hear from LPs with thoughts on the matter. Email due.diligence@ft.com....
...In recent days shares in the gaming retailer have rallied almost 2,000 per cent, sent Wall Street into meltdown, and made a trader with the username “DeepFuckingValue” a household name....
...The gaming industry has been hit hard by the coronavirus pandemic....
...following its record pre-crisis fundraising, TPG was behind some of the worst leveraged buyouts in the history of private equity — many in the US — including TXU, the Texas utility company; Harrah’s, the gaming...
...Promontory’s business model, Ms Bair said, “is just gaming the FDIC rules. The FDIC takes all the credit risk, and Promontory gets the profit.”...
...For example, CVC sold Sky Betting & Gaming to the Stars Group in a $4.7bn deal last year following speculation that the business would float....
...The North Carolina-based creator of the video gaming phenomenon of the summer said the investment would help it to expand into esports and live events, as well as developing its Unreal Engine platform, which...
...Its Honour of Kings Chinese fantasy battle game is the world’s top grossing game, and this quarter helped the online gaming unit turn in revenues of Rmb26.84bn, up 48 per cent year-on-year....
...If, to mangle LP Hartley’s quote, the future is a foreign country — they do things differently there, then maybe future generations are our best guide....
...It is little wonder, then, that the UK company has now taken to backing Las Vegas-based NYX Gaming Group — a technology business that provides a lot of its fixed-payout virtual slot machines and casino games...
...According to Eilers Research, a boutique research firm which focuses on interactive gaming and technology, FanDuel had 1.01m users by the end of last year, each of whom spent an average of $147 a month....
...However, it has outlined plans to launch figurines called “amiibo”, which use near-field communication technology to interact with games when they are tapped against the Wii U console....
...Sales in Sony’s video gaming business almost doubled to Y257.5bn compared with the same period last year on the back of PS4 sales....
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