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— Embracer Group, a Sweden-based gaming holding company, has sold Saber Interactive, a developer of PC and console games, for $247m to Beacon Interactive;
— Turtle Beach, a US-based gaming peripherals company, is set to acquire PDP, a US-based creator of console controllers, for $118m;
— Kaedim, a US-based game tech company, has raised $15m in a Series A funding round led by a16z, with participation from Pioneer Fund and other investors.

These three deals, along with 18 others, were covered in our latest Weekly News Digest.

InvestGame Digest
— Embracer Group, a Sweden-based gaming holding company, has sold Saber Interactive, a developer of PC and console games, for $247m to Beacon Interactive;
— Turtle Beach, a US-based gaming peripherals company, is set to acquire PDP, a US-based creator of console controllers, for $118m;
— Kaedim, a US-based game tech company, has raised $15m in a Series A funding round led by a16z, with participation from Pioneer Fund and other investors.

These three deals, along with 18 others, were covered in our latest Weekly News Digest.
InvestGame.net
Weekly Digest 11 – InvestGame.net
Embracer Group sells Saber Interactive for $247m Sweden-based gaming holding  Embracer Group  (STO: EMBRAC B)  has sold  PC & console games developer  Saber
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Should I buy bitcoin?

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.

— Embracer Group

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