Business news Nintendo, Activision Blizzard, Embracer Group... The week's business news
Published on 02/19/2023 at 17:00
If these topics interest you, you've come to the right place. Here you'll find the latest business news.
Saudi Arabia is continuing to invest in Nintendo. Microsoft's acquisition of Activision Blizzard King: what if it gets unstuck?Embracer Group, stronger results, but a strategy remains to be definedIn brief in the business news of the weekOur other business articles of the week
Saudi Arabia continues to invest in Nintendo.
The first Nintendo Direct of the year last week, and it will most likely be the only one before the end of the fiscal year in April, if we can reasonably expect that The Legend of Zelda: Tears of the Kingdom will be released for the second time in a month. The PIF, headed by controversial Crown Prince Mohammer bin Salman, has increased its shareholding in the Japanese company for the second time in a month.
Saudi Arabia is one of the main shareholders in the Tokyo newspaper, despite the prince's "Saudi Vision 2030", which aims to diversify income and strengthen the country's reputation internationally. According to the CIA, the prince is also involved in the assassination of journalist Jamal Khashoggi.
Microsoft buys Activision Blizzard King, but what if it goes loose?
The buyout has been on the minds of American regulators for over a year now, but the EU seems receptive. Last week, the British CMA issued its conclusions, stating that the transaction might "harm British gamers by weakening the important competition between Xbox and PlayStation consoles." Call of Duty would obviously have a significant role to play in keeping competition healthy.
Nevertheless, things are moving rapidly, and we learned two important lessons this week: the first is that Microsoft will participate in a private meeting with the European Commission on February 21., in which Sony is also expected to participate. The EU transmitted its concerns to Microsoft at the beginning of February, which will therefore have to defend its project and provide satisfactory solutions for the European Union to give its agreement on 11 April.
Since, according to SuperJoost's sources, a Sony private jet reportedly flew to Seattle recently, where Microsoft's headquarters are located. This information appears to be credible, because Sony has publicly announced to the Financial Times that it will keep the details of these "private negotiations" hidden.
Embracer Group has increased its earnings, but a strategy hasn't been defined.
Embracer has acquired THQ Nordic, Plaion, Deep Silber, DECA, Easybrain, Asmodee Edition, and more. Among its assets are Crystal Dynamics, Eidos Monteal, Square Enix Montreal (since closed), Tuxedo Labs, and Middle-Earth Enterprise.
Embracer has achieved a turnover of 2.5 billion euros, a net profit of 331 million euros, and a net profit of 331 million euros. Saints Row was initially successful, and the company called on Amazon for the next Tomb Raider. In addition, many reports are to be listed, and some titles have not worked as planned.
How do you cut corners and make better? Embracer would have "only" 19 AAA games planned by March 2026, up from 25 previously. This includes the release of Dead Island 2, Warhammer 40,000: Space Marine 2, which will be co-published with Plaion.
The week's business news is slammed briefly.
According to SteamDB, MultiVersus has lost 99% of its players. EA's next big game is set to be PayDay 3, with a game named Hogwarts Legacy. In the next round, China will release 87 new games.