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March Investment Recap: More Than $200M of Fresh Capital Gets Injected into the Esports Ecosystem 

Source Node: https://esportsobserver.com/march-2021-investment-recap/
Time Stamp: April 1, 2021 2:00 PM - Modified On: April 1, 2021 - Published By:
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During the month of March 2021, The Esports Observer tracked 23 investments raised by esports-relevant companies. Disclosed investments amounted to $233M USD, bringing the total sum of disclosed investments in 2021 to $1.9B.  In addition to several significant investments, including Overwolf’s $50M+ and Envy Gaming’s 40M Series C financing rounds, several private placement deals by Toronto Stock Exchange Venture Exchange listed esports companies, and multiple seed round investments, a couple of major deals in the works came to light during the month. Super League Gaming is in the process of acquiring live streaming technology platform Mobcrush at a transaction value likely to exceed $60M and Microsoft is in talks to acquire gaming

Gearbox Software & Embracer Merge in USD $1.3 Billion Deal

Source Node: https://twinfinite.net/2021/02/gearbox-software-embracer-merge-in-usd-1-3-billion-deal/
Time Stamp: February 3, 2021 8:33 AM - Modified On: October 29, 2021 - Published By:
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Gearbox Software, the esteemed studio behind the Borderlands franchise, has this week become the latest studio to join forces with Embracer Group, the Swedish publisher whose six other subsidiaries include THQ Nordic and Kock Media. The terms of the agreement are explained in today’s press release: The day one purchase price was $380 million, of which USD 175 million was paid in newly issued Embracer B shares and the residual in cash. An additional $1,015 million will be paid over the next six years, of which a maximum of $360

August Investment Recap: Fortnite Billions, BITKRAFTS $165M Venture Fund, and New Capital for Esports Organizations

Source Node: https://esportsobserver.com/august-2020-investment-recap/
Time Stamp: September 2, 2020 7:58 AM - Modified On: September 2, 2020 - Published By:
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August was a record month for esports investments. The Esports Observer tracked 16 investments raised by esports-relevant companies during the month. Disclosed investments accumulated to $2.78B USD, which is more than all seven previous months of 2020 combined, bringing the total sum of disclosed investments in 2020 to $4.34B.  The news of esports-relevant investments was headlined by the $1.78B financing round raised by Fornite developer Epic Games and the closing of BITKRAFT’s new venture fund at $165M. Financial terms were not disclosed for all deals highlighted in this article. Epic

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

Source Node: https://esportsobserver.com/tencent-douyu-huya-merger/
Time Stamp: August 17, 2020 12:00 PM - Modified On: August 17, 2020 - Published By:
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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

Source Node: https://esportsobserver.com/epic-games-1-78b-funding-round/
Time Stamp: August 6, 2020 11:21 AM - Modified On: August 6, 2020 - Published By:
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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

Cards Against Humanity Workers Are Unionizing Amidst Allegations Of A Toxic Workplace

Source Node: https://www.gamespot.com/articles/cards-against-humanity-workers-are-unionizing-amid/1100-6479200/?ftag=CAD-01-10abi2f
Time Stamp: July 1, 2020 1:07 AM - Modified On: July 1, 2020 - Published By:
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As a number of former Cards Against Humanity employees have come out with stories of a toxic work culture at the company, current workers have decided to unionize. The union, called the Cards Against Humanity Workers United Union, announced their intentions over Twitter this week, as reported by Polygon.We, the workers, want to change Cards Against Humanity for the better. That’s why we’ve joined @CMRJB. Today we sent this letter to the owners of @CAH demanding voluntary recognition of our union. We’re optimistic they’ll do the right thing. #1u pic.twitter.com/idBXUKLIKk

Evening Reading – June 29, 2020

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Time Stamp: June 30, 2020 6:40 AM - Modified On: June 30, 2020 - Published By:
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Hey Shacknews, it's time for Evening Reading. Let's officially close out our day of posting. Please take a look. In case you missed it at Shacknews: [embedded content] Should every character be S-tier in Smash? The SmashCast Episode 9 ?LIVE https://t.co/ZWTiS4BCk1 pic.twitter.com/8q2wldSid3 — Shacknews (@shacknews) June 29, 2020 And now... Other Stuff From The Internet!!! Kirby Buffed in Smash Ultimate Kirby is the best! Praise Jah! Wear a mask! Nurse blows up the lie that wearing surgical masks impedes oxygen intake or increases CO2 intake pic.twitter.com/pxXJqBZQqa — Borzou Daragahi ??

Square Enix To Announce Multiple Games In Next Few Months

Source Node: https://www.gamespot.com/articles/square-enix-to-announce-multiple-games-in-next-few/1100-6479053/?ftag=CAD-01-10abi2f
Time Stamp: June 26, 2020 5:30 PM - Modified On: June 26, 2020 - Published By:
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Square Enix will announce multiple games individually throughout July and August in lieu of having a press conference, Gematsu reports. During a shareholder meeting it was asked how the company would announce new video games since it did not have an E3 press conference due to the entire event being canceled because of the COVID-19 pandemic. Square Enix responded that it would be announcing games (plural) "individually as the timing permits."The company followed up saying that several will debut around July to August, but nothing more specific was said. Square

Evening Reading – June 24, 2020

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Time Stamp: June 25, 2020 10:45 AM - Modified On: June 25, 2020 - Published By:
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Hey Shacknews, it's time for Evening Reading. Let's officially close out our day of posting. Please take a look. In case you missed it at Shacknews: [embedded content] Crabs needs 6 friends to play @astroneergame with him...The Wide World of Electronic Sports: Episode 51 ?LIVE https://t.co/ZWTiS4BCk1 pic.twitter.com/lvdTdKPk8J — Shacknews (@shacknews) June 23, 2020 And now... Other Stuff From The Internet!!! Shacknews. It gets you chicks! Saw some baby chicks and ducks at the farm store today. They are so fluffy. pic.twitter.com/ehAFWgwbgr — Mayor Captain Zork (@Captzork) June 24, 2020 Finally!