Tag: scopely

Despite pandemic, gaming is well-positioned to withstand recession

Efforts to slow the spread of COVID-19 have led to a global economic downturn, but the gaming industry is booming. With hundreds of millions of people sequestered in their homes, game usage has spiked. And while the economic repercussions will persist after people cease physical distancing, gaming is positioned to…

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Gaming company Scopely adds $200 million more to its M&A stockpile

Scopely, the mobile gaming publisher behind titles including Marvel Strike Force, Scrabble Go, Yahtzee with Buddies, and Star Trek Fleet Command, has added another $200 million to its hoard of cash for mergers and acquisitions. While some startups are fearing a cash crunch, other businesses seem to be preparing to…

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NewView Capital’s Ravi Viswanathan on how mature companies can survive this market

Ravi Viswanathan has been an investor long enough to see some serious ups and downs. Viswanathan most recently founded NewView Capital a couple of years ago — a firm that launched with $1.35 billion from investors, largely to acquire the stakes of 31 companies that had been funded by New…

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LA tech industry mourns Kobe Bryant

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., shortly before 10 a.m. on Sunday. Reports indicate that Bryant, his 13-year-old daughter Gianna Maria-Onore Bryant,…

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Disney sells mobile game studio FoxNet Games to Scopely

Disney announced today it has sold the game studio FoxNet Games Los Angeles, the makers of “MARVEL Strike Force” and other titles, as well as Cold Iron Studios in San Jose, to the interactive entertainment and mobile game company, Scopely. The studios were acquired by Disney in 2019 as a…

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