Following Baldur’s Gate 3, WotC And Hasbro Are Investing $1 Billion In Their AAA Game Ecosystem
Hasbro and Wizards of the Coast want a bigger piece of the gaming industry's pie, especially after the huge success of Larian Studios' Baldur's Gate 3. To that end, both…
Reddit (RDDT) reportedly prices IPO at $34/share valuing company over $6 billion
One of the most anticipated IPOs of 2024 has reportedly been priced. Find out more details about the Reddit IPO here.
Sony Loses $10 Billion In Market Value Due To PS5 Sales Forecast Cut
Last week, Sony significantly decreased its forecast for the number of PS5s it expects to sell before the end of March, from 25 million down to 21 million. Following this,…
Slowing PS5 Sales and Lower Profit Causes Sony to Lose $10 Billion in Value
Last week, Sony Group announced that it’s cutting its PS5 sales forecast while highlighting a major problem: its PlayStation division’s operating profit. Despite record revenues, Sony’s gaming business is experiencing…
Jeff Bezos sells $2 billion worth of Amazon (AMZN) stock
The Amazon founder has parted with roughly 12 million shares this past week.
Walmart in talks to acquire Vizio for $2 billion
Walmart's play to acquire the smart TV manufacturer would bolster its ad business.
Nvidia (NVDA) reportedly to invest $30 billion into custom AI chip manufacturing
With this investment, Nvidia is said to be attempting to get ahead of skyrocketing demand for custom chips powering AI technology.
Disney Buys $1.5 Billion Stake in Epic Games
Walt Disney Company and Epic Games have signed on to a collaboration effort between the two industry giants. Disney announced their acquisition of an equity stake with Epic Games
Disney to invest $1.5 billion into Epic Games to create games & experiences with Fortnite
This multiyear project will see Epic Games and Disney collaborate to build new games and entertainment universes that connect with Fortnite.
Disney to Create New Games with Epic Games After $1.5 Billion Investment
Disney is planning to create new games and an entertainment universe in collaboration with Fortnite creator Epic Games after investing $1.5 billion in a stake in the company. The aim…