Sony Responds to PS5 Shortage with More PS4s

Electronic Arts is reportedly looking to sell or merge with an entertainment conglomerate. Several outlets indicated that Andrew Wilson, the video game company’s CEO, recently held discussions with NBCUniversal about a takeover, but the negotiations — which lasted several weeks — fell through because of price and structure disagreements.

Sportradar pulled in $186.4 million in revenue in Q1 2022, a 31% increase compared to the same period last year. Despite the results, shares of Sportradar have been down more than 15% in recent weeks, but the company expects double-digit growth in FY2022. Athletes Unlimited hired the company in February...

The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, leveled up its gaming portfolio with one of the most iconic names in the space. The roughly $600 billion fund acquired a 5% stake in Nintendo for $3 billion, making it the company’s fifth largest shareholder. With its latest...

Take-Two Interactive has completed its acquisition of mobile game developer Zynga in a deal valued at $12.7 billion. The acquisition — first announced in January 2022 — brings together two of the largest video game makers in the U.S. and immediately makes Take-Two a major player in a global mobile gaming market projected to reach $153.5 billion by 2027, per ResearchandMarkets.com.