News/Game District Acquires Stake in Gleam Games: Difference between revisions

Latest revision as of 22:32, 20 November 2024

Written by Dante Uzel on 20 November 2024 21:10

Game District has acquired a majority stake in Gleam Games, a fast-growing mobile gaming startup based in Türkiye.

The acquisition, according to Game District, underscores the company’s commitment to expanding into key international markets and strengthening Türkiye's position as a regional innovation hub.

As part of the deal, Gleam Games’ CEO Eser Yoğurtcu will take on the role of Chief Strategy Officer at Game District.

"This acquisition is a major step toward our mission of becoming a global mobile gaming powerhouse. By joining forces with Gleam Games, we aim to lead on both innovation and creativity in our industry, leveraging our collective expertise to set new standards in gaming," said Saad Hameed, CEO of Game District.

"Gleam Games' technological edge in AI and data-driven game development would enrich us to offer more dynamic, immersive experiences for players."

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@@ Line 12: / Line 12: @@
 |author=Andura
 |category=Mergers and Acquisitions
-|content=[[Companies/Sony|Sony]] is in negotiations to acquire Kadokawa , the Japanese media conglomerate behind the popular game Elden Ring. The talks are ongoing, and if they move forward, a deal could be finalized in the coming weeks.
+|content=Game District has acquired a majority stake in Gleam Games, a fast-growing mobile gaming startup based in Türkiye.
-Kadokawa’s stock surged 23% to its daily limit following the news, bringing its market capitalization to approximately $2.7 billion before the Reuters report. In contrast, Sony’s shares rose 0.6%.
+The acquisition, according to Game District, underscores the company’s commitment to expanding into key international markets and strengthening Türkiye's position as a regional innovation hub.
-Sony currently holds a 2% stake in Kadokawa and also has an investment in FromSoftware, the developer behind Elden Ring. The game, which has received widespread acclaim, was created in collaboration between Dark Souls director Hidetaka Miyazaki and Game of Thrones author George R.R. Martin. Set in a vast, atmospheric world, players battle monsters and embark on quests to restore the Elden Ring.
+As part of the deal, Gleam Games’ CEO Eser Yoğurtcu will take on the role of Chief Strategy Officer at Game District.
-'''More:'''[[News/Caedrel Reveals New Roster|Caedrel Reveals New Roster]]
+"This acquisition is a major step toward our mission of becoming a global mobile gaming powerhouse. By joining forces with Gleam Games, we aim to lead on both innovation and creativity in our industry, leveraging our collective expertise to set new standards in gaming," said Saad Hameed, CEO of Game District.
-The title has sold 25 million copies and continues to be a massive success, with its recent expansion, Shadow of the Erdtree, selling 5 million copies within three days of its release in June. The game is available on platforms including Sony’s PlayStation.
+"Gleam Games' technological edge in AI and data-driven game development would enrich us to offer more dynamic, immersive experiences for players."
 }}