19 May
According to a report from Variety, YouTube has agreed to a $1 billion deal to acquire the game streaming service Twitch. Variety, citing sources familiar with the agreement, claims the deal is an all-cash offer and it could be made official as soon as today. The report also noted that YouTube is preparing for U.S. […]
24 Apr
The Federal Trade Commission has approved Facebook’s $2 billion acquisition of Oculus, Reuters reports. Facebook first announced the deal to acquire Oculus last month. The agreement will see Facebook pay $400 million in cash, along with 23.1 million in shares for a total of about $2 billion. “Mobile is the platform of today, and now […]
17 Apr
Sony Computer Entertainment Inc. has sold all of its 9.52 million shares in Square Enix Holdings, ending a long-term financial bond between the companies. Sony has sold the stock to global securities firm SMBC Nikko Securities Inc. for around $47 million. Before this sale Sony had owned around 9.5 million Square Enix shares for over […]
28 Feb
Starbreeze Studios has revealed that it has turned an accumulative 15-year loss into a six-month profit of more than $20 million. According to CEO Bo Andersson Klint, since the studio’s founding in 1998 until June 2013, the company had made a total accumulated loss of SEK 94 million ($14.6 million). In the six month period […]