Ubisoft Contemplates Going Private Amidst Falling Shares

• Ubisoft announced the shutdown of XDefiant by June 2025, with nearly 300 layoffs across its San Francisco, Osaka, and Sydney offices.
• Players of the free-to-play shooter will receive refunds for recent purchases, and access to third-...

Tencent Holdings Ltd.'s RiotGames plans to lay off 530 employees, with management saying in a memo that the video game maker has too many projects and too little focus.

𝟏. 𝐖𝐚𝐥𝐦𝐚𝐫𝐭 𝐄𝐱𝐞𝐜 𝐒𝐚𝐲𝐬 𝐈𝐏𝐎𝐬 𝐅𝐨𝐫 𝐅𝐥𝐢𝐩𝐤𝐚𝐫𝐭 𝐀𝐧𝐝 𝐏𝐡𝐨𝐧𝐞𝐏𝐞 𝐂𝐨𝐮𝐥𝐝 𝐓𝐚𝐤𝐞 𝐂𝐨𝐮𝐩𝐥𝐞 𝐎𝐟 𝐘𝐞𝐚𝐫𝐬

Walmart is planning IPOs for Flipkart and PhonePe within the next 2 years; Walmart may priori...

I read/heard this somewhere that Zepto would've become bankrupt had they not raised that capital. They're burning 10 crores a day (almost $400Mn/year) which was WeWork figures at one point in time. And this funding round to me is another...