Video game publishers

Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

Microsoft is set to reduce its video game division, Microsoft Gaming, by approximately 8%, leading to the layoff of around 1,900 employees from the recently acquired gaming giant, Activision Blizzard, as well as Xbox.

China on Friday announced new plans to restrict the online gaming industry, sending shares in tech giants including Tencent tumbling and wiping tens of billions of dollars off their value.

New draft restrictions published online by the regulator are aimed at limiting in-game purchases and compulsive playing behaviour.

It's not "game over" yet for Microsoft's quest to buy the video game maker Activision Blizzard, but the software giant is starting to run out of clear pathways to complete its $69 billion takeover.

A major setback came on April 26 when British antitrust regulators said they would block the acquisition.

Ljubljana – The Chinese tech giant Tencent last year acquired a 25% stake in the Slovenian video games developer Triternion in exchange for a EUR 8.2 million recapitalisation of the company, the newspaper Finance has reported. The acquisition of the minority stake was announced on Friday on the website Games Press by Triternion founder and CEO Marko Grgurović.

Microsoft beat market expectations on Jan. 25 with strong quarterly performance in cloud computing and software, still benefitting from the pandemic's online shifting of work, play, shopping and learning.

Microsoft's $69 billion deal to buy video game powerhouse Activision Blizzard is expected to win out with regulators despite vows in Europe and the United States to rein in tech titans.

The founder of an Izmir-based software company has said Turkish game developers are on the path to success after creating six of the 10 most downloaded games in the United States.

Mert Can Kurum, founder of Ruby Games, said their game, Hunter Assassin, released last year was the fifth most downloaded game in the world in all game categories.

Google takes the first place in this year's  BrandZ ranking of the most expensive brands in the world. Its value in dollars amounted to over $302 billion last year and it increased by 23%.

Danish toymaker Lego is teaming up with Chinese internet giant Tencent Holdings Ltd to jointly develop online games and potentially a social network aimed at Chinese children.