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To help get you primed and ready for another week in mobile gaming, we’ve curated the biggest stories you need to know from the last seven days.
1) Argentina studio Agonalea Games raises $2m to shake up tower defence genre
Argentina-based Agonalea Games has raised $2 million in a seed round, with funding expected to go towards further development and publishing of hybridcasual tower defence game Punko.io.
Funds were raised from Mika Games, marking the investment firm’s third investment from its $50m fund.
2) Games industry M&A hit $6.6bn in Q1 2025 with mobile domination led by Scopely
Games industry M&A reached a two-year high in Q1 2025 at $6.6 billion, according to Aream & Co’s new report.
Mobile continued to dominate quarterly deals and represented the majority of figure, led by Scopely’s planned $3.5bn acquisition of Niantic’s games business.
3) Trump tariffs send gaming and tech stocks tumbling amid global economic turmoil
US president Trump’s tumultuous tariff announcements have had implications for the global stock market for multiple industries, including games.
Apple shares tumbled by 20% in less than a week, for example. In the same timeframe, Nintendo stocks fell by 12%, Take-Two Interactive’s by 8% and Microsoft’s by over 7%.
4) The IGDA Foundation appoints Microsoft veteran Shannon Loftis as new chair of the board
The IGDA Foundation appointed Microsoft veteran Shannon Loftis as the new chair of its board of directors.
The role was previously held by another Microsoft veteran, Ed Fries, who spent two years as chair and will remain on the board.
5) How Savvy aims to grow its games empire after $3.5bn Niantic deal
Savvy Games Group CEO Brian Ward informed PocketGamer.biz that the Niantic portfolio acquisition is a Scopely deal and “nothing is going to Saudi Arabia”.
“It’s an American company and it’s being bought by an American company. And as you know, we keep Scopely very independent and autonomous in all of their business operations and everything. We’re just a shareholder basically.”
