Plaion reportedly consolidating its gaming labels, plans for layoffs
A new report suggests that Plaion, formerly Koch Media, is bracing for layoffs as it plans a major restructure of its gaming business. More...
Microsoft reports Xbox revenues are sluggish in Q3
Microsoft released its financial earnings report for Q3 of fiscal year 2023 today. The report includes details about the fortunes of its different departments,...
Mojo Vision raises $22.4M as it pivots into micro-LEDs
Mojo Vision has raised $22.4 million as it pivots from a very compelling dream to a more practical product with broad potential and slimmed-down...
Microsoft shutters AltspaceVR amid company-wide layoffs
AltspaceVR is going dark in March as part of parent company Microsoft’s recent restructuring. According to a recent post on its website, the VR-based...
Global Top Round starts M&A advisory services for game deals
Global Top Round, a game financial services division of GXC, has launched its M&A department to focus on video game deals. GTR‘s newest mergers...
KPMG: 85% of tech and telco CEOs are preparing for a recession
KPMG said that its survey of 110 tech CEOs and 75 telco CEOs found that 85% see a recession as likely and most of...
Quantum Tech Partners: Gaming M&A isn’t taking a summer break
The gaming industry has seen gigantic acquisitions in the last year. With giant companies buying other giant companies, mergers galore, and Web3 drawing huge...
Krafton believes in a tailored approach to M&A
Michael Metzger, a partner in Drake Star Partners, sat down with Damian Lee from Krafton at GamesBeat Summit 2022. They discussed the company’s IPO,...
Intel hits Q1 targets with revenue of $18.31B but falls short on Q2 estimates
Intel reported that its first-quarter revenues and profits were above expectations, as the chip giant beat Wall Street estimates. But its forecasts for future...
Nvidia CEO: We gave Arm deal our best shot
Nvidia CEO Jensen Huang said in a conference call with analysts that regulators would not budge in their opposition to Nvidia’s proposed $80 billion...