Gaming software
Sony and the Lego family bet big on the ‘metaverse’ with $2 billion investment in Epic Games
The Epic Games logo displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Fortnite creator Epic Games has raised $2 billion in funding from Sony and the Lego family, in a massive deal highlighting the excitement from big businesses about the so-called “metaverse.” Sony will inject $1 billion in the company, Epic announced […]
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Chinese gaming stocks jump as regulator approves new titles after months-long freeze
China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved […]
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Tencent shuts down its rival to Amazon’s Twitch months after China blocked key $6 billion gaming merger
Tencent attempted to create a gaming live streaming giant through the merger of Huya and DouYu, two companies it has a significant stake in. But regulators in China shut the deal down in 2021. Months later, Tencent is shutting down its own game live streaming service Penguin E-Sports. Feature China | Future Publishing | Getty […]
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