Irish video game specialist Keyword Studios plans to tap investors for €113 million to spend mopping up smaller rivals left struggling by the Covid-19 crisis. Dublin-headquartered Keyword said on Thursday that it intended issuing new shares to raise £100 million (€113.7 million) to fund plans to buy other businesses in its industry. Keyword said that increased demand from people at home due to coronavirus restrictions is boosting the market for new games. “This is likely to result in an increased number of acquisition opportunities for Keywords Studios,” the company said in a statement. The Irish company, which provides technical services to video game developers, said that March and April sales rose 7 per cent, despite disruption caused by the pandemic.

Source: The Irish Times May 14, 2020 18:33 UTC