Sony unveils $10M Sony Innovation Fund for Africa
Sony Group announced today that it has established Sony Innovation Fund: Africa as an initiative to support the growth of the entertainment businesses in...
More layoffs reported at Twitch just ahead of TwitchCon Vegas
Twitch was reportedly hit with a fresh round of layoffs just weeks before TwitchCon is set to kick off in Las Vegas. This would...
Pictionary Vs AI makes the AI guess in a new version of the classic game
Mattel announced today that it is launching a new version of classic board game Pictionary: Namely, a version where players pit their drawing skills...
Arm to raise $4.7B in IPO that values chip designer at $54.5 billion
Arm Holdings, the chip architecture firm owned by SoftBank Group, is poised to raise about $4.7 billion in its initial public offering that valued...
EA net bookings up 21% YoY, driven by EA Sports, Jedi Survivor
Electronic Arts Q1 2024 earnings report revealed that the company’s quarterly net bookings totaled $1.578 billion, up 21% year-on-year. Net revenue totaled $1.924 billion...
Intel turns surprise Q2 profit with $12.9B in revenue as AI drives growth
Intel reported that its second-quarter revenues and profits were above expectations, as the chip giant saw significant growth in AI-related chip sales. On a...
Q2 gaming M&A deal value rises to $6.2B thanks to Scopely, Rovio | Drake Star
According to Drake Star’s Global Gaming Market Report for Q2 2023, the gaming industry continues to trend towards early stage funding and M&A transactions....
Microsoft extends Activision Blizzard merger deadline by 3 months
Microsoft has agreed to extend the deadline for its $68.7 billion acquisition of Activision Blizzard by three months to October 18, 2023. The deal...
Konvoy: Games venture funding declines in Q2 2023, ripe for M&A
Venture capital funding for gaming continues to decline in Q2 2023, per Konvoy Ventures latest games industry report. However, the venture firm believes this...
Intel announces biggest processor brand update in 15 years
In its biggest brand update in 15 years, Intel said it will focus on its Intel Core Ultra and Intel Core processor brands for...