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Nalezeno "business finance": 257

Report: Private Equity Eyeing Ubisoft As The Next Big Gaming Acquisition

23.4.2022
Private equity firms could be beginning to circle over Ubisoft, Bloomberg reported Friday. Talks are early, but include interest from firms like Blackstone Inc. and KKR & Co. Even if it’s not private equity, senior current and former Ubisoft developers Kotaku has spoken with in recent months...

Report: Future Xbox Games Might Have Ads, Tech's Being Developed

16.4.2022
Raise your hand if you’re excited to see more ads inside your favorite video games? I don’t see any hands. Well, bad news: A new report claims that Microsoft is building an advertising program to give “select brands” the ability to buy ads that will then appear in free-to-play Xbox games. And while...

Guy Buys NFT For $2.9 Million, Asks for $48 Million, Is Offered $3600

14.4.2022
Sina Estavi is a “crypto entrepreneur”, who last year bought a digital token representing Twitter founder Jack Dorsey’s first ever tweet. He paid $2.9 million for it, and this month sought to make good on his “investment”, putting it up for auction with an expectation it could net him $48 million....

While Sony And Microsoft Acquire Studios, Nintendo Buys Land

12.4.2022
While the rest of the video game industry is consolidating, Nintendo is spreading out. The Switch manufacturer has finally responded to massive moves by competitors Sony and Microsoft by announcing a $39.8 million land deal to break ground on a new R&D office. Whatever it takes to finally port...

Sony Goes Big On Epic Games With Whopping $1 Billion Investment

11.4.2022
Epic Games recently announced an epic new wave of fundraising, notable both for the $2 billion it’s pulled in and for an eye-raising firm present among the leading partners: Sony. The makers of PlayStation VR have invested a cool $1 billion in Epic to further “the development of new digital...

Report: Facebook Eyes ‘Zuck Bucks’ And NFTs As It Loses Users To TikTok

7.4.2022
Facebook parent company Meta reportedly has plans to launch a new digital currency for the metaverse. Internally, employees at Meta are calling the unannounced currency “Zuck Bucks.” These new digital dollars won’t likely be connected to any kind of blockchain, but don’t worry; Meta, led by...

GameStop Fans Dissect Chairman's Poop Tweet For Meme Stock Clues

6.4.2022
GameStop’s most enthusiastic investors don’t believe in the dying retailer. They believe in Ryan Cohen, its tech-savvy chairman and potential savior. If you want proof of the billionaire backer’s cult of personality, look no further than his post yesterday about poop.Read more

Funimation's YouTube Channel Is Now Crunchyroll Dubs

6.4.2022
If you’ve been looking for Funimation’s YouTube channel, you won’t find it. The channel has been rebranded as Crunchyroll Dubs. While the name has changed, what it’s offering, so far, hasn’t. Anime News Network reports that it will still stream trailers, clips, and episodes of English-dubbed anime....

GameStop’s Meme Stock Is Back With A Vengeance

1.4.2022
People have been waiting for the GameStop bubble to pop for over a year now. Instead, the ailing brick and mortar video game retailer just posted another record week on Wall Street. Earnings are down. Employee morale is in the pits. But the company’s stock went from $78 per share last month to over...

Sony Cuts PlayStation Jobs Despite Growth

31.3.2022
Sony is cutting up to 90 jobs from its “merchandiser” and retail marketing teams as part of a “global transformation,” according to a new report by Axios. The layoffs come despite the continued growth of PlayStation thanks to the success of the PS5, and some employees were caught off guard by...

Crypto Gaming's Biggest Success Story Scammed Out Of $600 Million

29.3.2022
Pokémon-style NFT battler Axie Infinity was one of the biggest “success” stories in the world of crypto gaming. Now it’s responsible for one of the biggest thefts in the history of the technology. The gaming-focused blockchain Ronin Network announced earlier today that an Axie Infinity exploit...

Sunday Comics: Grandpa

20.3.2022
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more

Nintendo’s Reggie Kicked Too Much Ass For GameStop Suits

14.3.2022
When former Nintendo of America president, Reggie Fils-Aimé, joined GameStop’s board of directors in 2020 the video game retailer was trading at less than $5 a share. A year later the stock was over $150 and Fils-Aimé was headed for the door. Why did he get out when things were so hot? Apparently...

Sunday Comics: Good Idea

13.3.2022
Hello! It’s time for Kotaku’s Sunday Comics, your weekly roundup of the best webcomics. The images enlarge if you click on the magnifying glass icon.Read more

Activision Stock Shenanigans Being Investigated By Justice Department, SEC

9.3.2022
The Wall Street Journal is reporting that three men—Fox co-founder Barry Diller, Reggie Miller-hating socialite Alexander von Furstenberg and music magnate David Geffen—are currently under two separate federal investigations over suspicions insider trading was involved in their purchase of millions...

Pokémon Card Fraudster Sentenced To Three Years In Prison

8.3.2022
Last year a Georgia man was charged by federal prosecutors after allegedly lying to apply for a Covid disaster loan, then turning around and spending it on a single Pokémon card. He has now admitted his guilt and been sentenced to prison.Read more

Call Of Duty Execs Accused Of Using Microsoft Deal To Line Their Own Pockets

26.2.2022
Two Activision Blizzard shareholders have filed lawsuits against the Call of Duty publisher for making allegedly inadequate disclosures in its recent filings with the SEC about its deal to sell to Microsoft for $68.7 billion. The investors further alleged that big payouts for CEO Bobby Kotick...

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