Trophy Games

Circle Games' $25M Round and Kingnet's $298M Wemade Stake Lead the Week

The gaming industry experienced a week of significant financial activity, with 11 tracked deals totaling $248.5 million.

• Kingnet Network is acquiring a 49% stake in Neosphere for $298 million, granting it an indirect 19.7% interest in South Korean developer Wemade.
• Digital Hearts Holdings successfully completed a management buyout led by founder Eiichi Miyazawa at JPY 1,060 per share, valuing the transaction at approximately $75.4 million.
• Circle Games raised $25 million in a Series A round led by Tencent to scale its mobile title Jelly Escape and double its headcount.