Show Me The Money: Scopely acquires Niantic's games business for $3.5bn, and Tencent invests $1.25bn in Ubisoft in March 2025

The mobile games industry is fast-paced and it’s easy to miss out on the big news.
To that end, we’ve put together a roundup of the big deals from the past month to help keep you on track on everything from mergers and acquisitions, investments, financing, partnerships and more.
Below you’ll find the key deals we reported in February as well as other investment news. Stay up to date with the latest investments each day with our deal tracker here.
You can learn more about M&A and investment trends at Pocket Gamer Connects. We’re heading to Dubai on May 7th to 8th – where we'll be hosting a special Investment Summit – Barcelona on June 3rd to 4th and Shanghai on July 30th.
Head on over to the PGC website to book meetings with publishers and investors, network with the industry, and gain insights from expert speakers.
M&A
Krafton acquires controlling stake in Nautilus Mobile for $14 million
DoubleU completes $30m Paxie Games acquisition
Perforce acquires Snowtrack with closed beta launch for digital artists
Sensor Tower acquires Video Game Insights to expand into PC and console data
Scopely acquires Pokémon Go developer Niantic's games business in $3.5bn deal
Tencent increases stake in From Software parent company Kadokawa
Secret Mode breaks away from Sumo with buyout
Report: Tripledot to buy AppLovin’s games business (You can see more details on the potential makeup of the deal here).

Investments
Tencent invests $1.25bn in new Ubisoft subsidiary focused on top IP
Türkiye's Feraset secures $4.5m to expand AI-powered consumer apps
Planetarium Labs secures $3m funding to expand Immortal Rising 2
Uthana raises $4.3m with open beta for AI-powered animation platform
Qila Games raises $1m to develop hybridcasual games tailored to Indian players
SekGames Secures Pre-Seed Investment from Qatar Development Bank
PhilosopherKing raises $3m in seed funding to bolster AI-driven storytelling
PlaysOut raises $7 million to boost mini-game ecosystem
Nunu.ai secures $6m to scale AI Agents for game QA
Niantic Spatial spin-off nets $250m funding after Scopely acquisition
Felicity Games raises $3m to boost Indian game publishing and global expansion
Good Job Games secures $23m investment round
PvX Partners secures $3.8m seed funding to scale games and consumer apps
Monopoly World developer Reality Games raises $4.7m
App distribution platform Applivery secures strategic investment from Supercell
Liminal raises $5.8 million to empower player creativity using AI
Military history animation studio Yarnhub plots games expansion with community-led investment
Saudi Arabia's Lobah Game Studio secures $12 million investment (You can read our interview with Lobah head of product and partnerships Ibrahim El Kawam on raising the funds and its ambitions here).
Triple Tap Games secures $1.2m for hybridcasual puzzle games
Panel: Gaming M&A & Financings – Outlook For 2025 & Beyond
In this video from Pocket Gamer Connects San Francisco, our panel of experts asks looks into the state of games industry M&A and investments.
Financing
Kameha Ventures launches $27m fund to support game tech startups
Tilting Point launches $150m UA fund to support game developers
Ex-Tripledot president forms Arcadia Gaming Advisors with $100m fund for mobile game companies
European Investment Fund pledges over $20m to boost Nordic game development
Empowering MENA: Unlocking the Investment Opportunities in the Fastest Growing Games Market
Our panel of experts, speaking at the Dubai GameExpo Summit powered by Pocket Gamer Connects in 2024, discuss the investment space in the MENA region and beyond.
Partnerships
Amazon Luna partners with EA to Star Wars and more to cloud gaming platform
Subway Surfers and Crossy Road collide in first-ever crossover event
Anzu and Claritas partner to offer improved attribution metrics for in-game ads
Scopely to make game based on CD Projekt IP
Banijay Rights and Tactile Games partner to launch Simon’s Cat Match on mobile
Plarium expands RAID: Shadow Legends to alternative app store Aptoide
Netflix’s The Electric State: Kid Cosmo game will serve as a prequel to upcoming film
Sandsoft plots hybridcasual expansion with three new game deals (We spoke with CEO David Fernandez Remesal to discuss the deals and its plans for 2025 here).
EA partners with Flexion to bring mobile games to alternative app stores
StoryToys partners with LEGO and BBC for Bluey mobile game
How To Raise $10 30M & Who Is Investing At That Stage
Konvoy's Jackson Vaughan offers insights into the investment landscape and advice on how to raise, and who has the money.
Other
Skystone Games takes US publishing rights for Mobile Legends as TikTok ban looms
Xsolla partners with Ukie to boost UK games industry and support developers
Universal Foundry launches Compute Grant to support small Unreal Engine 5 studios