The deal, expected to close in the first quarter of this year, follows MGM Resorts’ rejected $11 billion takeover bid for Entain, formerly GVC Holdings. The platform’s games are regularly played by an estimated 75% of children aged 9-12.īritish gambling company Entain has made a $342.58 million offer to buy Swedish-based sports betting firm Enlabs AB as it looks to expand into new regulated markets. Roblox had 31.1 million daily active users and generated $589 million in revenue through the first three quarters of 2020, up 82% and 68%, respectively, from the same period in 2019. But in December, the company postponed the plan as it looked to raise its IPO price. Roblox filed with the SEC for an IPO on Nov. The record company previously partnered with Roblox to host virtual concerts. Warner Music Group reportedly made an eight-figure investment. The lead investors were Dragoneer Investment Group and Altimeter Capital, a recent investor in apparel resale platform StockX. Roblox is now valued at $29.5 billion - up significantly from its $4 billion valuation last February. The move comes after the user-generated gaming platform raised $520 million in a Series H funding round. Less than a month after delaying an IPO, Roblox says it now plans to go public through a direct listing.
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