Fortis Games
Company
Documents about Fortis Games
Mobilegamer.biz20 min
Fortis closes, Rovio cuts, Google Play Store woes, PIF x Unity(?), EU proposals slammed, more
The episode covers a busy week in mobile games, led by the closure of Fortis Games, the Las Vegas Sands-owned studio that launched in 2022 with three acquisitions but never released a game globally.
- Fortis Games is closing and terminating all staff worldwide, affecting over 400 people. The studio launched in 2022 with three acquisitions but never launched a game globally, and its soft-launched Twilight Towers was shut down.
- Take-Two's mobile bookings fell 13% year-on-year, driven by Color Block Jam's double-digit decline from its peak, and further mobile decline is forecast for Q3 and the full year.
- Reuters sources say Saudi Arabia's PIF may bid for Unity, potentially worth up to $25 billion, following PIF and Silver Lake's $55 billion acquisition of EA.
Mobilegamer.bizNov 2026
Naavik62 min
Can Portugal Become Europe’s Next Gaming Powerhouse?
Portugal is rapidly evolving from a traditional exporter of technical talent into a burgeoning hub for original intellectual property.
- Portugal's gaming industry has experienced significant growth, with total turnover for domestic companies rising from approximately 5 million to nearly 100 million between 2018 and 2024.
- The primary challenge for Portugal’s gaming sector is transitioning from a talent exporter to a hub for original intellectual property (IP), which requires local studios to scale their own successful products rather than relying solely on foreign investment.
- Large-scale studio acquisitions often lose value over time due to a failure to align strategic goals post-merger, a trend observed by Jefferson Valadares during his tenure at Fortis Games and his analysis of Electronic Arts' historical M&A activity.
NaavikAug 2026