Shares of Assassin’s Creed maker Ubisoft plunge after Tencent ups stake

Shares of Assassin's Creed maker Ubisoft plunge after Tencent ups stake

Tencent has increased its stake in French games maker Ubisoft, the company behind popular franchises like Assassin’s Creed. But analysts said this has effectively closed the door on a full takeover of the company. Rafael Henrique | Sopa Pictures | light rocket | Getty Images Shares of games developer Ubisoft plunged more than 17% on … Read more

Sony, Tencent, NetEase continue deal hunt to expand new formats, markets

Sony sets up a PlayStation mobile gaming unit in push beyond consoles

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Pictures | LightRocket via Getty Images sony Sony’s PlayStation has dominated the gaming console market for a long time. But the business … Read more

Sony sets up a PlayStation mobile gaming unit in push beyond consoles

Sony sets up a PlayStation mobile gaming unit in push beyond consoles

Revenue from mobile games accounts for more than half of the mobile gaming market. Sony is looking to diversify beyond consoles with its new dedicated PlayStation mobile gaming division. Mateusz Slodkowski | SOPA Pictures | LightRocket via Getty Images Sony set up a dedicated PlayStation mobile gaming unit in a major push to diversify beyond … Read more

Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

Microsoft Xbox, Sony PlayStation, Nintendo: Video game earnings round-up

A gamer plays on Sony’s Playstation 5 console at his home in Seoul. Yelim Lee | AFP via Getty Images The giants of the video game world saw their sales slide in the second quarter, as initial tailwinds from the Covid pandemic faded. In the three months ended June, Microsoft, Sony and Nintendo each posted … Read more

Netflix’s video game push sees few subscribers playing along

Netflix's video game push sees few subscribers playing along

Netflix is ‚Äč‚Äčaccelerating its push into video games with plans to double its catalog of offerings by the end of the year, but for now, few of the streaming giant’s subscribers are playing. Since last November, the company has been rolling out the games as a way to keep users engaged between show releases. The … Read more

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

Mars, birth rates, but no Twitter: Elon Musk captivates Sun Valley moguls

SpaceX owner and Tesla CEO Elon Musk speaks at the E3 gaming convention in Los Angeles, California, US, June 13, 2019. REUTERS/Mike Blake/ Register now for FREE unlimited access to Reuters.com Register July 9 (Reuters) – Elon Musk avoided discussing the collapsed Twitter deal, only repeating allegations of fake account issues at the social media … Read more

Twitter vows legal fight after Musk pulls out of $44 billion deal

Twitter vows legal fight after Musk pulls out of $44 billion deal

July 8 (Reuters) – Elon Musk, the chief executive officer of Tesla (TSLA.O) and the world’s richest person, said on Friday he was terminating his $44 billion deal to buy Twitter (TWTR.N) because the social media company had breached multiple provisions of the merger agreement. Twitter’s chairman, Bret Taylor, said on the micro-blogging platform that … Read more

Microsoft Activision takeover faces competition probe in the UK

Microsoft Activision takeover faces competition probe in the UK

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard’s games character. Dado Ruvic | Reuters The UK’s competition watchdog on Wednesday opened an investigation into Microsoft’s proposed acquisition of video game publisher Activision Blizzard. In a statement, the UK’s Competition and Markets Authority said its investigation would consider whether the deal may … Read more

An FCC regulator wants TikTok removed from app stores. Here’s how a company executive responded

An FCC regulator wants TikTok removed from app stores.  Here's how a company executive responded

But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked to the hugely successful app. The short-form video app is the most downloaded in the world, beating Instagram with 3.5 billion downloads. Users spend an average of at least 46 minutes a day on … Read more

Trump media company gets subpoena in federal criminal probe of SPAC deal

Trump media company gets subpoena in federal criminal probe of SPAC deal

Former US President Donald Trump gives the keynote address at the Faith & Freedom Coalition during their annual “Road To Majority Policy Conference” at the Gaylord Opryland Resort & Convention Center June 17, 2022 in Nashville, Tennessee. Seth Herald | Getty Images Donald Trump’s media company was subpoenaed by a federal grand jury in connection … Read more