Saudi Arabia PIF reduces stake in Nintendo following rumors of increased investment
The Saudi royal family-backed investment in Nintendo was reduced from 8.58 percent to 7.54 percent.
Rivian (RIVN) secures $5 billion investment from Volkswagen & will launch joint venture
Volkswagon will start with a $1 billion investment, with the other $4 billion coming through the joint venture to aid Rivian in bringing its next vehicles to market.
Sony Reportedly Scaling Back Investment in PSVR 2 Games
Sony Interactive Entertainment launched the PlayStation VR2 last year, bringing virtual reality capabilities to the PlayStation 5. However, the platform has been struggling for some time, and it appears that…
Sony Makes Paramount Acquisition Offer in Partnership With Investment Firm – Report
Following rumblings that Sony Pictures Entertainment plans to make an acquisition offer for media giant Paramount, The Wall Street Journal reports that the company has already submitted a cash offer…
Remedy Shares Max Payne Remake Update as Tencent Nearly Triples its Investment
In its quarterly earnings presentation, Remedy Entertainment has shared an update on its remake of Max Payne 1 and 2, as well as the news that Tencent has nearly tripled…
Rise Of The Ronin Review – Long-Term Investment
If someone tells me a game takes several hours to "get good," my immediate feeling is that I will never play that game. Who has hours to waste waiting for…
OpenAI in talks with Abu Dhabi investment company to fund new AI processors
OpenAI is hoping to reduce its dependence on NVIDIA's line of AI processing chips.
Ubisoft Will Not Increase Investment in VR Following Disappointing Sales of Assassin’s Creed Nexus VR
During a Q&A on Ubisoft's Q3 sales for fiscal year 2024, CEO Yves Guillemot stated they won't invest more in VR due to poor sales of Assassin's Creed Nexus VR.
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…
PlayStation Eyes Further Global Expansion With New Investment in Africa
Following efforts to expand its footprint in various Asian countries including China, South Korea, and India, it looks like Sony’s gone shopping for PlayStation exclusives in Africa. As reported by…