Amazon’s connected device cart grows with $1.7 billion deal for Roomba maker

Amazon’s connected device cart grows with .7 billion deal for Roomba maker

Aug 5 (Reuters) – Amazon.com Inc (AMZN.O) will acquire the maker of robot vacuum cleaner iRobot Corp (IRBT.O) in an all-cash deal for about $1.7 billion, in the latest push by the world’s largest online retailer to expand its cart of smart home devices. Amazon will pay $61 per share, valuing the Roomba-maker at a … Read more

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

Wall Street closes sharply higher on strong corporate earnings

Wall Street closes sharply higher on strong corporate earnings

Boeing raises on deal to sell jets to 777 Partners Johnson & Johnson and IBM fall on dollar impact warning Halliburton, Hasbro, Truist rise after profit beat Indexes Up: Dow 2.43%, S&P 500 2.76%, Nasdaq 3.11% Biggest one-day percentage gain for Nasdaq since June 24 July 19 (Reuters) – US stocks closed with sharp gains … 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

Levi Strauss to reimburse abortion travel for employees

Levi Strauss to reimburse abortion travel for employees

May 4 (Reuters) – Levi Strauss & Co said on Wednesday it will reimburse travel expenses for its full- and part-time employees who need to travel to another state for health care services, including abortions. The apparel company best known for its jeans is the latest US company to offer the benefit as various states … 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