Microsoft Buys Bethesda Owner ZeniMax for $7.5 Billion
The acquisition, Microsoft’s largest in the gaming space, comes as Xbox has been laying the groundwork for a push into game streaming.
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Six Charged With Bribing Amazon Employees in Plot to Boost Merchants
Authorities charged the six had conspired to bribe Amazon employees in order to boost the standing of third-party merchants on the e-commerce marketplace.
Founder of Electric Vehicle Startup Nikola Steps Down
Trevor Milton stepped down as chairman of the company he founded as it fights allegations it lied to investors. The company has partnered with GM to make a pickup truck.
ByteDance Insists It Will Own Majority of TikTok Global
ByteDance's statement in Chinese describes the TikTok deal very differently from how Oracle and Walmart describe it.
Chinese Investment in TikTok Global to be 36%, Down from 45% in ByteDance
One question still outstanding is the valuation at which Oracle and Walmart will invest.
Federal Judge Halts Ban on WeChat U.S. Downloads
U.S. downloads of the messaging app owned by China’s Tencent had been scheduled to be blocked at midnight.
TikTok Deal With Oracle and Walmart Wins Trump’s Approval, Delaying Ban
Trump approved a deal in which Oracle and Walmart would together buy 20% in a new entity called TikTok Global, with TikTok owner ByteDance and its investors owning the remaining 80%.
Unity Software Sees 30% Surge in Stock After IPO
Unity Software, a maker of software tools for game developers, joined a flurry of tech IPOs, seeing its shares surge more than 30%.
NBCU Reaches Deal with Roku for Carrying Peacock
The company has been in a clash with Roku over terms for its Peacock app
U.S. to Ban New TikTok, WeChat Downloads Starting Sept. 20
App stores will not be allowed to distribute both apps, and financial transactions in WeChat will be barred.
Apple Debuts Online Store in India Ahead of Holiday Season
Selling direct instead of through third-party retailers could give Apple a better shot at competing against Chinese brands like Xiaomi that dominate India.
White House Looks Into Tencent’s U.S. Video Game Stakes
The move is the latest indication of how the Trump administration is ramping up its scrutiny of Chinese tech companies.
Max Levchin’s Affirm Secures $500 Million
Fintech unicorn Affirm has raised another $500 million amid reports its prepping for an initial public offering.
Nvidia’s Arm Acquisition May Face Hurdles in China
Nvidia has been diversifying its business beyond gaming in recent years, but the Arm deal will face plenty of regulatory hurdles.
Fitness Startup Tonal Raises $110 Million
The company, which sells $3,000 exercise equipment, is the latest fitness startup raise capital amid a flurry of deals.
Facebook to Strengthen Rules for Internal Employee Communication
The shift comes after some Facebook staffers have increasingly turned to sharing their opinions about social issues internally.
Uber Hires New CTO From Amazon
This will take some of the load off CEO Dara Khosrowshahi's shoulders.
TikTok Plans U.S. IPO in Oracle Deal, Approaches Instagram Cofounder: Reports
The changes could appease the U.S. administration's concerns over TikTok's ownership.
Investments Between U.S. and China Fall to Nine-Year Low
The decline was due to escalating political tensions as well as the impact from the coronavirus pandemic, according to a report from Rhodium Group.
Weekday mornings
The Information AM by The Information Staff
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