capital

Update: Huya and DouYu form Special Committees to Evaluate Tencent’s Merger Proposal

Update: The boards of directors of Huya and DouYu formed special committees to review and evaluate Tencent’s proposed stock-for-stock merger of the two Chinese live-streaming platforms. DouYu’s special committee consists of independent directors Zhaoming Chen, Xi Cao, Xuehai Wang, and Zhi Yan. The committee has retained Morgan Stanley Asia as its financial advisor and Davis Polk & Wardwell LLP as its U.S. legal counsel in connection with its review and evaluation of the proposed business combination. Huya’s special committee includes independent directors Hongqiang Zhao and Tsang Wah Kwong. The committee

Epic Games Raises a $1.8B Funding at a Post-Money Equity Valuation of $17.3B

Fortnite developer Epic Games announced a $1.78B USD corporate venture round consisting of primary capital and secondary purchases from employee equity holders. The investment puts the company’s post-money equity valuation at $17.3B, up roughly 15% compared to its $15B valuation in 2018 when Epic Games raised a $1.25B round. The funding round includes a $250M strategic investment made by Sony Corporation in July. Participants in the investment round included UK investment management firm Baillie Gifford (roughly $250B under management), funds and accounts managed by BlackRock (roughly $7.4T under management), Fidelity

Infinite Fleet Raises $3.1 Million in Oversubscribed Round Led by…

HONG KONG (PRWEB) August 06, 2020 Infinite Fleet, the revolutionary sci-fi massively multiplayer online (MMO) strategy game created by Blockstream CSO and Pixelmatic CEO Samson Mow has completed a funding round totaling $3.1 million through a private security token offering (STO). Infinite Fleet is an online strategy game in which thousands of players command fleets of customizable spaceships and play cooperatively to fend off an alien threat, leaving their legacy in the game’s lore via its unique directed narrative feature. The game draws inspiration from space real-time strategy (RTS) and

Innovecs Announces Media Partnership with Emerging Europe

CEO Night | Media Partnership Announcement Innovecs upgrades the CEO Night format and partners with Emerging Europe to keep up with sector-leading companies and share the insights of their leaders. NEW YORK (PRWEB) July 30, 2020 CEO Night is a series of online thematic discussions with CEOs and senior executives of Ukrainian and international businesses, produced by InnoHub platform & multimedia studio. Speakers discuss ways to develop companies and technology, current global trends, and share success stories. “At Innovecs, we always strive to be on the edge of digital transformation.

Moss Developer Polyarc Secures $9M Series B Funding For AR Game Development

Today the developers of Moss, Polyarc, announced a $9 million Series B venture funding round led by Hiro Capital to expand into AR game development. Even still, the developer tells us they’re still committed to making a sequel to Moss. [embedded content] Anyone that has spent any time inside a VR headset and browsed any of the major storefronts from Oculus Home and Steam to the PSN store have likely seen Quill, the main character from Polyarc’s Moss advertised somewhere. She’s cute, charming, and full of character despite never speaking

‘Crying Suns’ Review — A Tactical Roguelike Worth Playing

TouchArcade Rating:When it comes to space-faring roguelikes on iOS, the gold standard everyone’s heard of is FTL: Faster Than Light, and for good reason. It’s a perfect fit for mobile, and there are very few roguelikes that can compete with it in quality or quantity. While not as well known as FTL, Crying Suns ($8.99) has very similar notes of urgency and mystery. Much of the game feels rather similar to FTL, though that isn’t necessarily a bad thing—what is good in FTL is also good in Crying Suns. That’s

AR 1.0 is dead: Here’s what it got wrong

The first wave of AR startups offering smart glasses is now over, with a few exceptions. Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but the release of its Focals 2.0 smart glasses has been cancelled, a bittersweet end for its soft landing. Many AR startups before North made huge promises and raised huge amounts of capital before flaring out in a similarly dramatic fashion. The technology was almost there in a lot of cases, but the real issue was that

Focus Home Interactive Acquires The Surge 2 Developer

French indie studio Focus Home Interactive has announced the acquisition of Deck13 Interactive, the studio behind Soulslikes such as Lords of the Fallen and The Surge franchise.Deck13 is the first studio Focus Home has bought, according to a recent financial report. "Focus Home Interactive has acquired 100% of Deck13 Interactive's share capital shares for a total price of €7.1 million [$8 million] (of which €6.5 million [$7.2 million] in cash from the new bank financing and €0.6 million [or $673,000] in shares held in treasury) and a long-term incentive plan

Seven Awesome Facts About Star Wars: Squadrons, Coming October 2 to Xbox One

It’s finally out for the entire galaxy to see – the first look at Star Wars: Squadrons! Don’t wait, watch it now before we get into seven awesome facts about this authentic Star Wars piloting experience: 1. Fight alongside your squadron Star Wars: Squadrons is centered around 5v5 first-person multiplayer space combat. You’ll triumph as a team and plan every skirmish together in the briefing room before taking off for space battles across the galaxy. Compose your squadron with different starfighter classes, unite and take on tactical objectives, and adapt

PS5 Game Development Will Likely Increase Production Costs, PlayStation CEO Says

The PlayStation 5 and Xbox Series X are set to release this year, kicking off the next generation of consoles, and our first look at what the PS5 will be capable of came from a demonstration of Unreal Engine 5. But producing such highly detailed graphics will not come cheap, and could lead to an increase in the development cost of AAA games. Sony Interactive Entertainment president and CEO Jim Ryan has talked to gamesindustry.biz about the cost of creating a game that will look like the Unreal Engine 5