Maker Of Royal Match Raises $2.5-B In Debt And Equity

Dream Games, the Turkish mobile game developer behind Royal Match, has raised approximately $2.5 billion in a combined debt and equity deal.

Companies that sell physical products—such as Apple—are more directly impacted than digital services providers like Microsoft or Google. I Image: Royal Match

The fundraising makes CVC Capital Partners the company’s sole equity investor and values Dream Games at $5 billion—almost double its $2.75 billion valuation in 2022, Bloomberg Tech reported.

Meanwhile, quarterly results from Amazon and Apple reflect how even Big Tech is feeling the pressure of U.S. tariffs, according to Brody Ford for Bloomberg’s Tech In Depth.

Companies that sell physical products—such as Apple—are more directly impacted than digital services providers like Microsoft or Google, though all may eventually feel the pinch if the trade war drags on economic growth.

Apple has already responded by accelerating its supply chain diversification, shifting iPhone production to India, where tariffs are lower. The tech giant ultimately aims to reduce its heavy reliance on Chinese manufacturing, which still accounts for up to 90% of global iPhone output.