Top News: Trump’s tariffs cause turmoil, Agonalea Games secures $2 million in funding, and gaming industry mergers and acquisitions reach $6.6 billion in Q1.

In the realm of mobile gaming news, several crucial developments have taken place over the past week. From funding boosts to significant acquisitions, the industry is abuzz with activity that is reshaping its landscape.

Firstly, Agonalea Games, a studio based in Argentina, secured an impressive $2 million in funding in a seed round. This financial infusion is earmarked for the advancement and publishing of their hybrid casual tower defense game, Punko.io. Mika Games, with its $50 million fund, facilitated this investment.

The gaming industry’s merger and acquisition activities reached a staggering $6.6 billion in the first quarter of 2025, attaining a two-year peak. A report from Aream & Co reveals that mobile gaming dominated these deals, with Scopely’s planned acquisition of Niantic’s games business accounting for a significant portion of the total amount.

The world of gaming and technology has been rattled by the erratic tariff announcements of US President Trump, causing a ripple effect in the global stock market. Companies like Apple experienced a 20% drop in their shares within a week, while Nintendo, Take-Two Interactive, and Microsoft also faced significant declines in their stock values.

In a significant development within the IGDA Foundation, Microsoft veteran Shannon Loftis has been appointed as the new chair of its board of directors. She takes over from Ed Fries, another Microsoft veteran, who served as chair for two years and will continue to remain on the board.

The acquisition of Niantic’s portfolio by Savvy Games Group for $3.5 billion has sparked much interest in the industry. Savvy Games Group CEO Brian Ward clarified that the deal with Niantic is being managed by Scopely and emphasized that the American company’s operations would remain autonomous and independent.

These recent events underscore the dynamic nature of the mobile gaming sector. From substantial funding injections to game-changing acquisitions and leadership transitions, the industry continues to evolve and capture the attention of enthusiasts worldwide. As we anticipate further developments in the coming weeks, it is clear that the mobile gaming landscape is poised for continuous transformation and growth.