Games/Entertainment

Kontagent secures $4.8M financing

Mobile analytics company Kontagent which merged with PlayHaven last month was able to raise $4.8 million, according to a VentureBeat report which cited a Securities and Exchange Commission filing.


Cineworld to takeover Poland's Cinema City for over £500M

UK's Cineworld Group will acquire Polish movie theater chain Cinema City International for a little over £500 million, becoming the new cinema mogul in Europe. If the deal pushes through, Cineworld will have 201 cinemas with 1,852 screens.

Cheng Yu-tung's International Entertainment Corp to pay HK$7.35B for Macau's Sun City Gaming Promotion Co

International Entertainment Corp said it would be acquiring a 70% stake in Macau gambling junket operator Sun City Gaming Promotion Co for HK$7.35 billion, Bloomberg reported.

Creditors of bankrupt Brazilian bank Banco Cruzeiro do Sul propose debt-to-equity swap

In an attempt to get their money back faster, creditors of Brazil-based Banco Cruzeiro do Sul, are looking for a debt-to-equity swap on an unsecured debt valued at 2.3 billion, Bloomberg reported.


Latest News

Blitzmegaplex, the second-biggest cinema operator in Indonesia, seeks to kick off an initial public offering at the Jakarta Stock Exchange in the first quarter of this year. Proceeds from the deal will be used to construct 15 cinemas costing $35 million.
CEC Entertainment, which operates 567 Chuck E. Cheese's stores in 47 states in the US, is reportedly mulling over a possible sale to private equity firm. CEC has a market capitalization of around $760 million.
Gaming group Codere, which sought protection from creditors last week, got a 30-day extension on a €127 million ($173 million)loan due on January 5. Codere had €1.27 billion of debt as of last September.
Sales of Apple's App Store surpassed the $10 billion mark last year, reinforcing its lead over Google's Play Store in the arena of mobile computing, the Financial Times reported.
New York, US-based TV streaming startup Aereo has secured $34 million in a Series C funding round led by IAC, amid a lengthy legal battle with major rivals who want to bring it down.
China's State Council has suspended the ban the government had put in place for 14 years which barred the selling of foreign video game consoles, potentially opening doors for technology firms to enter the Chinese video game market, Reuters reported.
Billionaire John Malone is building a cable empire once more as the firms he is backing have announced or are cooking up acquisitions amounting to more than $80 billion, Bloomberg reported.
US-based social games maker Zynga is testing Bitcoin payments for in-game purchases in some of its popular titles including FarmVille 2 and ChefVille, and has partnered with BitPay to handle the transactions.
The price of Bitcoin went over $1,000 on Mt. Gox again today after Zynga Inc said it would be accepting the virtual currency, Bloomberg reported.
Retail chain Grupo Elektra, controlled by Mexican billionaire Ricardo Salinas Pliego, is expected to close a deal to acquire video and video games sales and rental company Blockbuster Mexico next week.
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