From Tripledot’s $800M megadeal to new web3 titles securing fresh capital, here are the most significant developments game developers and industry professionals should know.
Tripledot Studios Acquires AppLovin’s Mobile Game Portfolio for $800M In a blockbuster deal, UK-based casual mobile developer Tripledot Studios has acquired the entire mobile gaming portfolio of AppLovin (NASDAQ: APP) for $800 million. The acquisition includes ten studios, such as Athena Studio, PeopleFun, and Magic Tavern. This marks a strategic leap for Tripledot, signaling its ambitions to become a global mobile gaming powerhouse.
Nexon Stake Sale May Open Door for Tencent The South Korean government has initiated the sale of its 30.6% stake in NXC, the holding company of Nexon, in a deal that could value the company at $3.5 billion. Indicative bids are due by the end of August, and speculation is mounting that Tencent might also seek to acquire a larger share. This could reshape the landscape for Asian game publishing giants.
Media Moves: Keleops Acquires Kotaku In a media consolidation move, Swiss-based publisher Keleops acquired gaming media outlet Kotaku from G/O Media. The deal supports Keleops’ broader strategy to deepen its U.S. footprint following its earlier acquisition of Gizmodo.
Plane Evolution IP Acquired by RMV IT Services RMV IT Services has taken over the IP rights for Plane Evolution from Global Champions, while the title’s publisher Supersonic retains publishing rights. With over 8.2 million downloads, this acquisition underscores RMV’s bid for predictable revenue.
Funding Highlights: Reaper Actual and Grand Mobile Gain Traction
- Distinct Possibility Studios secured $30.5M in a round led by BITKRAFT Ventures, fueling development for Reaper Actual, a AAA open-world shooter with web3 elements.
- Kazakhstan-based Grand Mobile raised $750K to enhance its core title Grand Mobile: RP Life Simulator, which has already amassed 27M downloads.
- Cold River Games (Sweden) locked in $2M to develop Crystalfall, a blockchain-based action RPG.
Blackstone Offloads Stake in Liftoff to General Atlantic General Atlantic has acquired a minority stake in mobile app marketing firm Liftoff from Blackstone, finalizing a deal that values Liftoff at $4.3B. The move highlights growing investor interest in mobile marketing infrastructure.
Corsair Secures $225M Credit Facility Gaming hardware manufacturer Corsair Gaming (NASDAQ: CRSR) has locked in a $225M credit facility from Bank of America. The deal includes a $100M revolving line and a $125M term loan, providing firepower for strategic investments and operational growth.
Behold Ventures Launches $59.2M Nordic-Focused Gaming Fund Behold Ventures has closed its debut gaming fund at $59.2M, with plans to invest in 25+ early-stage studios across Europe. The Nordic region remains the primary focus, with capital coming from both European and Asian backers.
Google Expands LATAM Focus with Indie Games Fund Alphabet has launched a new Indie Games Fund for Latin American developers, offering $150K-$200K in funding to 10 studios with fewer than 50 employees. This initiative continues Google’s support for the region following its investment efforts in 2024.
“With our fund, we aim to give smaller studios in Latin America the boost they need to thrive in a competitive global market.” — Alphabet Games Fund team
Conclusion: This week’s developments reflect a market that is both consolidating and expanding globally. From blockbuster acquisitions to regionally focused venture funding, 2025 is shaping up to be a year of major shifts and opportunities for game developers, publishers, and investors alike.
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