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Ubisoft Faces Make-or-Break Moment with 'Assassin's Creed Shadows'
Ubisoft is banking on the success of Assassin's Creed Shadows to fight its way out of financial troubles. The company's founding Guillemot family has also been exploring talks with Tencent and other investors on a buyout deal that would let them preserve control.
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Tencent, Guillemot Family Said to Consider Buyout of Ubisoft After Market Value Dips
After Ubisoft lost more than half its market value this year, Tencent Holdings and Ubisoft Entertainment SA’s founding Guillemot family are considering a potential buyout. The Chinese tech company and Guillemot Brothers have been speaking with advisers to help explore ways to stabilise Ubisoft and bolster its value.
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Microsoft Said to Plan Release of Next Call of Duty Game on Xbox Game Pass Subscription Service
Microsoft could release its next Call of Duty game to its Xbox Game Pass subscription service at launch, instead of selling the title independently. The company is likely to announce the move at its annual Xbox showcase, scheduled for June 9. Microsoft bought out Activision Blizzard last year, which closed gave the company access to the Call of Dut...
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From $44 Billion To $19 Billion: Why X's Valuation Dropped Under Elon Musk
In March this year, Mr Musk told the employees at the company that he believed the company was worth $20 billion and labelled it "an inverse start-up."
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From $44 Billion To $19 Billion: Why X's Valuation Dropped Under Elon Musk
In March this year, Mr Musk told the employees at the company that he believed the company was worth $20 billion and labelled it "an inverse start-up."
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Twitter Faces Fresh Lawsuit As PR Firm Stays Unpaid Post Elon Musk Buyout
A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk's $44 billion buyout.
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Judge Dismisses Lawsuit That Alleges Elon Musk Cheated Shareholders Several Times During Twitter Buyout
In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.
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Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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Toshiba Accepts $15 Billion Buyout Bid From Private Equity Firm Japan Industrial Partners
Toshiba accepted a $15.3 billion (roughly Rs. 1.25 lakh crore) buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about CNY 2 trillion ($15.3 billion) fro...
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‘Michael Jordan of Fundraising’: Elon Musk Emerges a Money Maverick in Tesla Tweet Trial
Elon Musk, who now owns the Twitter service that he deploys as his megaphone, was often a study in contrasts during his roughly eight hours on the stand during the ongoing Tesla tweet trial. The CEO of the electric carmaker is facing a class-action lawsuit filed on behalf of Tesla shareholders after Musk tweeted about a company buyout that didn’t...
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Elon Musk Considers Fundraising $3 Billion To Pay Off Twitter Debt: Report
Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported.
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Disney-Apple Sale: Returning CEO Bob Iger Shuts It Down as ‘Pure Speculation’
After returning to his position as Disney CEO last week, Bob Iger held his first company-wide meeting with employees, addressing dealmaking questions, the company’s stance on LGBTQ+ inclusion, and the hiring freeze implemented by ex-CEO Bob Chapek. Iger shot down the idea of Apple acquiring Disney as “pure speculation,” adding that he won’t...
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Amazon Mass Layoffs to Continue Till Next Year, Confirms CEO Andy Jassy
Amazon mass layoffs, which began in the company’s corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
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Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
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After Being Fired, Twitter CFO Ned Segal Changes His Bio, Says "Current Fan Of Twitter"
Mr Segal said that his five years spent at the company was the most fulfilling time of his career.
-
Ubisoft Faces Make-or-Break Moment with 'Assassin's Creed Shadows'
Ubisoft is banking on the success of Assassin's Creed Shadows to fight its way out of financial troubles. The company's founding Guillemot family has also been exploring talks with Tencent and other investors on a buyout deal that would let them preserve control.
-
Tencent, Guillemot Family Said to Consider Buyout of Ubisoft After Market Value Dips
After Ubisoft lost more than half its market value this year, Tencent Holdings and Ubisoft Entertainment SA’s founding Guillemot family are considering a potential buyout. The Chinese tech company and Guillemot Brothers have been speaking with advisers to help explore ways to stabilise Ubisoft and bolster its value.
-
Microsoft Said to Plan Release of Next Call of Duty Game on Xbox Game Pass Subscription Service
Microsoft could release its next Call of Duty game to its Xbox Game Pass subscription service at launch, instead of selling the title independently. The company is likely to announce the move at its annual Xbox showcase, scheduled for June 9. Microsoft bought out Activision Blizzard last year, which closed gave the company access to the Call of Dut...
-
From $44 Billion To $19 Billion: Why X's Valuation Dropped Under Elon Musk
In March this year, Mr Musk told the employees at the company that he believed the company was worth $20 billion and labelled it "an inverse start-up."
-
From $44 Billion To $19 Billion: Why X's Valuation Dropped Under Elon Musk
In March this year, Mr Musk told the employees at the company that he believed the company was worth $20 billion and labelled it "an inverse start-up."
-
Twitter Faces Fresh Lawsuit As PR Firm Stays Unpaid Post Elon Musk Buyout
A former public relations firm for Twitter sued the social media company on Friday, saying it has not paid its bills since Elon Musk's $44 billion buyout.
-
Judge Dismisses Lawsuit That Alleges Elon Musk Cheated Shareholders Several Times During Twitter Buyout
In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.
-
Bankrupt Crypto Lender Voyager Digital Hopeful to Provide 35 Percent Customer Payout
Crypto lender Voyager Digital said Wednesday that customers will recover about 35 percent of their cryptocurrency deposits as the company winds down its operations after a failed buyout attempt by crypto exchange Binance.US. US Bankruptcy Judge Michael Wiles approved Voyager's proposed liquidation plan at a court hearing in Manhattan on Wednesday.
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Toshiba Accepts $15 Billion Buyout Bid From Private Equity Firm Japan Industrial Partners
Toshiba accepted a $15.3 billion (roughly Rs. 1.25 lakh crore) buyout offer from a Japanese consortium, the Nikkei newspaper reported, as the iconic conglomerate moved a step closer to ending a troubled chapter in its more-than-140-year history. The Tokyo-based company’s board approved on Thursday a bid of about CNY 2 trillion ($15.3 billion) fro...
-
‘Michael Jordan of Fundraising’: Elon Musk Emerges a Money Maverick in Tesla Tweet Trial
Elon Musk, who now owns the Twitter service that he deploys as his megaphone, was often a study in contrasts during his roughly eight hours on the stand during the ongoing Tesla tweet trial. The CEO of the electric carmaker is facing a class-action lawsuit filed on behalf of Tesla shareholders after Musk tweeted about a company buyout that didn’t...
-
Elon Musk Considers Fundraising $3 Billion To Pay Off Twitter Debt: Report
Elon Musk's team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter Inc for his buyout of the company, the Wall Street Journal reported.
-
Disney-Apple Sale: Returning CEO Bob Iger Shuts It Down as ‘Pure Speculation’
After returning to his position as Disney CEO last week, Bob Iger held his first company-wide meeting with employees, addressing dealmaking questions, the company’s stance on LGBTQ+ inclusion, and the hiring freeze implemented by ex-CEO Bob Chapek. Iger shot down the idea of Apple acquiring Disney as “pure speculation,” adding that he won’t...
-
Amazon Mass Layoffs to Continue Till Next Year, Confirms CEO Andy Jassy
Amazon mass layoffs, which began in the company’s corporate ranks this week will extend into next year, CEO Andy Jassy said Thursday. In a note sent to employees, Jassy said the company told workers in its devices and books divisions about layoffs on Wednesday. He said it also offered some other employees a voluntary buyout offer.
-
Toshiba Cuts Annual Profit Outlook After 75 Percent Plunge in Q2 Earnings
Toshiba on Friday said that it was cutting its annual operating profit outlook after the company reported dismal second-quarter profit. The Japanese firm reported a 75 percent fall in Q2 profit, and said it was impacted by a slew of factors including a slump in the hard disk drive market and an appraisal loss following a fall share prices in the co...
-
After Being Fired, Twitter CFO Ned Segal Changes His Bio, Says "Current Fan Of Twitter"
Mr Segal said that his five years spent at the company was the most fulfilling time of his career.
