South Korean game developer Krafton Inc prices IPO at top of indicative range, to raise $3.75 billion

On Thursday, South Korean game developer Krafton Inc said, it had priced its initial public offering (IPO) at the top of its indicative range to raise $3.75 billion (4.3 trillion won). Krafton’s shares were priced at 498,000 won compared with a range of 400,000-498,000 won per share. Despite the target cut, it is the second-biggest…

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Sony acquires Insomniac Games Inc for undisclosed amount

Insomniac Games Inc is known for developing the Spider-Man game of which 13.2 million copies have been sold as of the end of July 2019. Sony Interactive Entertainment disclosed it would acquire privately held Insomniac Games Inc, known for developing games such as third-person shooter “Ratchet & Clank” and Marvel’s “Spider-Man” for an undisclosed amount.…