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

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more

Pinterest shares surge after Elliott discloses it is the largest shareholder

Pinterest shares surge after Elliott discloses it is the largest shareholder

Screens display the company logo for Pinterest Inc. during the company’s IPO on the front of the New York Stock Exchange (NYSE) in New York, US, April 18, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Activist investor Elliott Investment Management disclosed on Monday it had become … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Meta bumps prices of Quest 2 headsets ahead of successor release

Meta bumps prices of Quest 2 headsets ahead of successor release

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Meta Platforms Inc (META.O) said on Tuesday it would raise the prices of its Meta Quest 2 virtual reality (VR) headset by about $100 from August, even … Read more

Russian-backed separatists in Ukraine block Google search engine

Russian-backed separatists in Ukraine block Google search engine

Broken Ethernet cable is seen in front of Google logo in this illustration taken March 11, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 22 (Reuters) – Russian-backed separatists in a breakaway region of eastern Ukraine have blocked access to the search engine Google (GOOGL.O), their leader said on Friday, … 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

Musk makes meme on Twitter legal threat after scrapping $44 billion deal

Musk makes meme on Twitter legal threat after scrapping  billion deal

July 11 (Reuters) – Elon Musk on Monday mocked Twitter Inc’s (TWTR.N) threat to sue him following his move to abandon the $44 billion takeover deal, tweeting the social media firm would need to disclose more information on bots and spam accounts. The series of tweets on Monday was Tesla Inc chief’s first public response … Read more

British Army’s Twitter and YouTube accounts restored after hack

British Army’s Twitter and YouTube accounts restored after hack

Army cadets take part in a parade during the Lord Mayor’s show in London, Britain November 13, 2021. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, July 3 (Reuters) – The British Army regained control of its Twitter and YouTube accounts on Sunday after they were briefly hacked and used to … Read more

Meta and other tech giants form metaverse standards body, without Apple

Meta and other tech giants form metaverse standards body, without Apple

The logo of Meta Platforms is seen in Davos, Switzerland, May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register June 21 (Reuters) – Meta (META.O), Microsoft (MSFT.O) and other tech giants racing to build the emerging metaverse concept have formed a group to foster development … Read more