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A number of firms such as Blackstone Inc. and KKR are said to have interest in a takeover of France-based games publisher Ubisoft.
Details, however, remain extremely unclear: Ubisoft has yet to enter significant discussions with any of the potential buyers and it remains unclear how receptive the publisher would be to any prospective offer.
Activision Blizzard’s first quarter 2022 financial resultshave revealed a substantial decline in net revenue, which sunk over $500 million from $2.27 billion in Q1 2021 to $1.76 billion in the equivalent period in 2022.
Despite declines across Activision Blizzard, King’s in-game net bookings increased eight per cent year-over-year, with Candy Crush remaining the top-grossing game franchise in US app stores.
The new notice states that apps that haven’t been updated in some time are “to be removed from sale in 30 days”, unless an app update is submitted within the time period.
Sensor Tower speculation estimates as many as 7,000 apps may be removed, of which mobile games are most at risk, depending on the imprecise terms set by Apple.
Marring Meta’s first quarterly results for 2022 was the news that Reality Labs, the firm’s metaverse division, operated at a loss of $2.96 billion.
Meta CEO Mark Zuckerberg stated: “It’s not going to be until those products really hit the market and scale in a meaningful way, and this market ends up being big, that this will be a big revenue or profit contributor to the business.”
Angry Birds appears as the top result for seven states from Illinois to Minnesota, yet to be dethroned by any mobile title since 2010.
Rovio also recently announced a 26 per cent revenue increase in its Q1 2022 financial report.