Money Buzz! Europa

Tag: video games

  • Polish video games developer Huuuge to list on the Warsaw Stock Exchange

    Polish video games developer Huuuge to list on the Warsaw Stock Exchange

    Polish mobile video games developer Huuuge has announced its intention to list on the Warsaw Stock Exchange.

    Huuuge plans to raise $ 150 million in its initial public offering on the Warsaw Stock Exchange.

    Huuuge’s largest shareholder is founder and CEO Anton Gauffin, that owns 42% of shares.

    In the first nine months of last year, the comany had $ 244 million revenues, compared to $ 187 million in the same period in 2019.

    The company has more than 600 employees in 10 offices around the world.

    As of September 30 2020 Huuuge had 4.74 million monthly active users compared to 3.98 million, 3.72 million and 3.32 million as at calendar year end 2019, 2018 and 2017, respectively.

    Huuuge will be the 14th video game company to be listed on the main market of the Warsaw Stock Exchange.

  • CD Projekt sold more than 13 million copies of the Cyberpunk 2077 game

    CD Projekt sold more than 13 million copies of the Cyberpunk 2077 game

    Polish video game maker CD Projekt SA has announced that it has sold more than 13 million copies of the Cyberpunk 2077 game by December 20, 2020.

    This figure also takes into account the returns requested by players who have complained about numerous technical problems, reports Reuters.

    The Polish company did not provide a revised sales estimate, nor did it disclose how many refund requests it received.

    However, the figure of 13 million copies sold is lower than the expectations of analysts who relied on 16.4 million copies sold, said Piotr Bogusz, an analyst at the borkerage company mBank.

    The video game ”Cyberpunk 2077”, released on December 10, had a missed start, after users complained about many technical problems encountered.

    These problems led the Japanese group Sony to withdraw the game ”Cyberpunk 2077” from its online platform PlayStation Store, while the American rival Microsoft decided to return the money to Xbox console users who bought the game.

  • Embracer Group acquires Serbian Mad Head Games

    Embracer Group acquires Serbian Mad Head Games

    Embracer Group, through subsidiary Saber Interactive, entered into an agreement to acquire 100 percent of the shares in Mad Head Games.

    The company, based in Belgrade and Novi Sad, Serbia, is an independent game developer led by three founders with a team of 130 people across four offices.

    Mad Head Games was founded in 2011 by Nenad Tomić, Uroš Banješević, and Aleksa Todorović, all three having more than 15 years game development experience.

    The acquisition will strengthen Embracer’s presence in Eastern Europe with the first studio operating in Serbia.

    Mad Head Games will continue to operate as an independent game developer under Saber, with continued leadership by the three founders.

  • THQ Nordic acquires Vienna based Purple Lamp Studios

    THQ Nordic acquires Vienna based Purple Lamp Studios

    THQ Nordic completed the acquisition of Vienna-based studio Purple Lamp, effectively making it a 100% subsidiary of THQ Nordic GmbH.

    The studio worked on titles such as ”SpongeBob Squarepants: Battle for Bikini Bottom – Rehydrated” or ”Sea of Thieves”.

    Purple Lamp is currently working on ”The Guild 3” and on two not yet publicly disclosed games.

    The acquisition includes the development studio with its team of 38 veteran developers.

    Purple Lamp will continue working as a development studio exclusively focusing on titles for THQ Nordic and continuing developing premium games.

  • Amplifier Game Invest acquires Silent Games studio in Newcastle upon Tyne

    Amplifier Game Invest acquires Silent Games studio in Newcastle upon Tyne

    Through its wholly owned subsidiary Amplifier Game Invest, Embracer has entered into an agreement to acquire 100 percent of Silent Games Ltd.

    Silent Games is a UK based studio founded by Sally Blake and Joseph Rogers in 2018 and seated in Newcastle upon Tyne.

    Silent Game founders intend to be growing the studio from the current team of four persons into a 30 person strong studio over the coming years.

    As a result, the team plans to build a series of games in a Universe of their own making, with the first game planned for a 2023 release.

    The parties have agreed not to disclose the full transaction terms due to commercial reasons. 

    This acquisition is the first investment made by Amplifier in the British Isles, one of the strongest hubs for Game Development in the world.