Tencent faces new video-game M&A challenge

Tencent faces new video-game M&A challenge

LONDON, Aug 5 (Reuters Breakingviews) – The frenzy in video-game dealmaking has reached a new level. China’s Tencent (0700.HK) wants to increase its 5% stake in smaller French rival Ubisoft Entertainment (UBIP.PA), the outfit behind the wildly popular “Assassin’s Creed” franchise, according to Reuters. The $380 billion company could offer the founding Guillemot family, who … Read more

The ‘Big Package’: How Russia was driven to default

The ‘Big Package’: How Russia was driven to default

European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Geron//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Russia’s … Read more

Japan opens biggest esports park to level up competitive gaming

Japan opens biggest esports park to level up competitive gaming

TOKYO, April 20 (Reuters) – Japan’s largest esports park opened on Wednesday, with proponents hoping it will help transform the country behind video game classics such as Super Mario and Zelda into a champion that can take on China in competitive gaming. “Japan’s esports market is growing but still distant compared to overseas. We hope … Read more

UK watchdog closes online gaming probe as Sony, Nintendo make pledges

UK watchdog closes online gaming probe as Sony, Nintendo make pledges

April 13 (Reuters) – Britain’s competition regulator has secured pledges from Japan’s Sony (6758.T) and Nintendo (7974.T) over the subscription renewal rules for their online gaming services, bringing to an end a three-year probe into the sector . The UK’s Competition and Markets Authority (CMA) had kicked off the investigation into Sony, Nintendo and Microsoft … Read more