Embracer Group extends credit and loan facilities
Embracer Group extends credit facilities to SEK 17 billion, securing maturity extensions until 2025. The move aligns with Embracer's debt reduction strategy for enhanced financial flexibility while transitioning to a cash-flow generative business.
MyGamez acquired €1.5 million investment
MyGamez acquired the investment to fuel its mission to open the Chinese mobile game market to Western developers.
Fast X pack for Hot Wheels Unleashed 2 – Turbocharged has been released
Fast X Pack for Hot Wheels Unleashed™ 2 - Turbocharged is now available. Developed in collaboration with Universal Products and Experiences, this new addition brings an extra dose of entertainment to the virtual racing world.
Google Cloud and NCSOFT collaborate to utilize generative AI for better games
Google Cloud and NCSOFT have announced a collaboration wherein NCSOFT, a global premier game developer and publisher, is utilizing Google Cloud's AI infrastructure to enhance its in-house large language model (LLM) set, VARCO LLM.
Lolli secures $8 million series B funding
Bitcoin and cashback rewards platform Lolli has successfully concluded an $8 million Series B funding round, with BITKRAFT Ventures leading the investment. The funding round features participation from notable investors, including Seven Seven Six, Prisma Ventures of Ulta Beauty, and Hypersphere Ventures, among others.
GameOn collaborates with Sportsology
GameOn and Sportsology finalize $9.3 million Web3 games deal, expecting $2.3 million in Q4.