Mergers and Acquisitions
Ongoing coverage on Mergers and Acquisitions.
Latest coverage
Cosplaying Gamers Will Raid EA HQ To Protest Saudi Arabia's $55 Billion Buyout
Gamers are planning a cosplay protest at Electronic Arts' headquarters on May 11 to oppose Saudi Arabia's Public Investment Fund's proposed $55 billion buyout. The Players Alliance HQ group aims to deliver over 70,000 petition signatures and raise awareness about potential negative consequences like layoffs and increased monetization due to the debt burden on EA.
Krzysztof Krawczyk acquires a stake in G2A and becomes Chairman of the Advisory Board, strengthening the platform’s global growth strategy
Krzysztof Krawczyk has acquired a minority stake in G2A Group and assumed the role of Chairman of the Advisory Board. This strategic move aims to bolster the digital entertainment marketplace's global growth and operational scaling. Krawczyk's extensive investment experience will guide G2A's expansion, particularly in AI development and potential acquisitions.
Krzysztof Krawczyk acquires a stake in G2A and becomes Chairman of the Advisory Board, strengthening the platform’s global growth strategy
Krzysztof Krawczyk has acquired a minority stake in G2A Group and assumed the role of Chairman of the Advisory Board. This strategic move aims to bolster G2A's global growth and operational scaling, leveraging Krawczyk's nearly 30 years of investment experience. The partnership also emphasizes G2A's transition towards an AI-native ecosystem and its expansion into new markets and digital categories.
Sony Writes Off Another $565 Million Impairment Loss Against Bungie
Sony has recorded another $565 million impairment loss against Bungie, bringing the total write-off to $769 million in the last financial year. This significant loss, representing over 20% of the acquisition cost, impacts the perceived value of Bungie and its ongoing titles like Marathon. Despite this, Sony's gaming division reported a 12% increase in operating income.
GameStop-eBay saga gets weirder: CEO says he was suspended from eBay for selling stuff on eBay 'to pay for…
GameStop CEO Ryan Cohen has claimed he was temporarily suspended from eBay for allegedly putting the community at risk, though his account is now viewable again. This incident follows GameStop's $56 billion acquisition offer for eBay, which has been met with skepticism due to GameStop's financial standing. Concerns have also been raised that some items Cohen is selling on eBay may have originated from the Game Informer vault.
CCP Games rebrands as Fenris Creations following sale from Pearl Abyss
CCP Games, the developer of Eve Online, has rebranded as Fenris Creations following its $120 million sale from Pearl Abyss. As part of the transition, Fenris Creations has formed a research partnership with Google DeepMind, which also acquired a minority stake in the studio. The partnership will focus on advancing AI research using Eve Online as a testbed.
Supercell acquires Metacore to add Merge Mansion to its "live games portfolio"
Supercell is acquiring Metacore, the developer of the popular mobile game Merge Mansion. The deal aims to integrate Merge Mansion into Supercell's live games portfolio, leveraging Supercell's expertise in scaling global live games. Merge Mansion, a merge 2 mystery puzzle game launched in 2020, has reportedly generated around $700 million and boasts over 60 million downloads.
Supercell Fully Acquires Merge Mansion Creator Metacore
Supercell has fully acquired Metacore, the developer of Merge Mansion, consolidating the popular merge-2 puzzler into its live games portfolio. Despite previous investments and attempts to launch new titles, Metacore's sole game, Merge Mansion, will now be the focus of Supercell's operational efforts. The terms of the acquisition were not disclosed.
EA boasts record year thanks to Battlefield 6 and EA Sports FC
Electronic Arts reported record net bookings of $8 billion for the fiscal year ended March 31, 2026, driven by the successful launches of Battlefield 6 and EA Sports FC 26. Despite the record financial performance, the company also conducted layoffs affecting Battlefield developers. EA is currently undergoing a pending acquisition by an investor consortium including Saudi Arabia's Public Investment Fund.
EVE Online studio CCP Games turns independent and rebrands as Fenris Creations
CCP Games, the developer of EVE Online, has become an independent studio and rebranded as Fenris Creations after its management team purchased it back from Pearl Abyss for $120 million. The company will operate autonomously, focusing on its strategy and creative direction for persistent live games. Fenris Creations also announced a research partnership with Google DeepMind to advance AI in complex systems, using EVE Online as a study environment.
CWA Canada president says Saudi buyout of EA should trigger 'virtually every alarm bell'
CWA Canada president Carmel Smyth has urged the Canadian government to scrutinize the proposed $55 billion buyout of Electronic Arts by a consortium including Saudi Arabia's Public Investment Fund due to national security risks. Concerns include potential data misuse, surveillance, and the transfer of sensitive AI technology to a foreign state. The union also highlighted potential job losses for Canadian EA workers due to the deal's financing structure.
GameStop CEO Selling GameStop Stuff On Ebay To Fund Buyout Of Ebay
GameStop CEO Ryan Cohen is attempting to acquire eBay for over $50 billion and has listed GameStop-related items on eBay, including store signs and a Halo 3 flag, to help fund the buyout. Cohen claims this is a way to pay for eBay and pokes fun at skepticism surrounding his leveraged deal proposal. Market figures like Michael Burry have expressed doubts about the financial feasibility of the acquisition.
Pearl Abyss Selling CCP
Pearl Abyss is reportedly selling its entire stake in CCP, the developer of EVE Online, which it acquired in 2018. The sale was announced by Pearl Abyss on Wednesday.
Metacore restructuring to the tune of 'up to 160' redundancies
Metacore is planning a significant restructuring, potentially leading to up to 160 redundancies in Finland, due to the plateaued growth of its hit game Merge Mansion and unsuccessful new investments. Concurrently, Supercell, already a major shareholder, will acquire the rest of Metacore, aiming to scale Merge Mansion back into a leading position within its category.
Pearl Abyss sells CCP back to its CEO for less than half what it paid, plus $20 million in crypto
Pearl Abyss has sold EVE Online developer CCP Games back to its CEO, Hilmar Veigar Pétursson, for $100 million in cash and $20 million in tokens. This sale comes eight years after Pearl Abyss acquired CCP Games for a significantly higher amount. The decision was made after exploring growth strategies, with Pearl Abyss citing shifts in the global gaming environment and company priorities.
GameStop tables $55.5 billion takeover bid for eBay
GameStop has made a $55.5 billion offer to acquire eBay, valuing the e-commerce company at $125.00 per share. The proposal, which includes 50 percent cash and 50 percent GameStop stock, has the support of GameStop's board. CEO Ryan Cohen plans to lead the combined company and aims to achieve $2 billion in annual cost reductions within the first year.
GameStop CEO baffles CNBC anchors in bizarre interview
GameStop CEO Ryan Cohen appeared on CNBC to discuss his unsolicited $56 billion offer to acquire eBay. Cohen proposed cutting $2 billion from eBay's budget and suggested using a mix of stock and cash for the acquisition, but struggled to clearly explain the financing to baffled anchors. The market reacted negatively to the announcement, with GameStop's share price dipping 10%.
eBay issues response to unsolicited GameStop (GME) acquisition offer
eBay Inc. has responded to an unsolicited acquisition offer from GameStop. The ecommerce company issued a statement regarding the proposal.
GameStop confirms $56 billion eBay acquisition bid, promises $2 billion in cuts at the company if the takeover is…
GameStop has confirmed a non-binding acquisition offer for eBay, valued at approximately $55.5 billion in a half-cash, half-stock deal. The company plans to implement significant cost reductions, aiming for $2 billion in annualized savings within twelve months post-acquisition, primarily targeting sales, marketing, product development, and general administrative expenses. GameStop CEO Ryan Cohen expressed confidence in the company's ability to leverage its existing retail footprint and improve eBay's operational efficiency.
GameStop Places eBay Bid
GameStop has submitted a non-binding proposal to acquire eBay for $125 per share, representing a 46% premium. This move could impact GameStop's status as a meme-stock by venturing into a more active marketplace.