During the boom in blank-check companies, their creators couldn’t launch them fast enough. Now they are rushing to liquidate their creations before the end of the year, marking an ugly conclusion to the SPAC frenzy...
Videogame maker Take-Two Interactive to buy Zynga in $12.7 billion deal
Take-Two Interactive Software Inc. has reached a deal to buy Zynga Inc. in a $12.7 billion deal that would unite two videogame companies with a presence across gaming platforms. The cash-and-stock deal would value...
Tencent sells roughly $3 billion of its stake in Singapore’s sea
Tencent Holdings Ltd. has cut its stake in a highly valued Southeast Asian internet company, shedding an ownership position that was worth about $3 billion. Tencent, one of the biggest Chinese internet businesses, said...
Ad-tech company smartly.io to buy Google-focused firm for over $100 million
Advertising technology provider Smartly.io Solutions Oy said it is buying Ad-Lib.io, a company that offers creative tools for various Google platforms, for more than $100 million, as it seeks to widen its offerings...
PayPal’s Pinterest takeover idea may be a bit too pricey
PayPal Holdings Inc. is said to be exploring a $45 billion takeover of Pinterest Inc., and investors are as puzzled by the pairing as they are by the astronomical valuation. After Bloomberg News broke the story of the...
Blackstone to buy data-center operator QTS Realty Trust for $6.7 billion
Blackstone Group Inc. has struck a roughly $6.7 billion deal to buy QTS Realty Trust Inc. and take the data-center operator private. The investment giant’s infrastructure unit, Blackstone Infrastructure Partners...
Why Microsoft wants to go for this $10 billion acquisition
Microsoft Corp. and Discord Inc. hold a great deal of sway with video game fans. As they now hold talks for a potential $10 billion acquisition, a deal would join two companies in pursuit of audiences far beyond gamers...
Beijing presses Alibaba to sell media assets, including South China Morning Post
The Chinese government wants Alibaba Group Holding Ltd. to sell some of its media assets, including the South China Morning Post, because of growing concerns about the technology giant’s influence over public opinion in...
TikTok sale to Oracle, Walmart is shelved as Biden reviews security
A US plan to force the sale of TikTok’s American operations to a group including Oracle Corp. and Walmart Inc. has been shelved indefinitely, people familiar with the situation said, as President Biden undertakes a...
General Atlantic, Sequoia Capital are key drivers in Oracle bid for TikTok
General Atlantic and Sequoia Capital, two major investors in TikTok’s Chinese parent company, are maneuvering to be part of a deal to acquire the U.S. operations of the popular video-sharing app as it seeks to avoid a...
Microsoft is in talks to buy TikTok in US
Microsoft Corp. is exploring an acquisition of TikTok’s operations in the U.S., according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve U.S...
Tencent in talks to join group bidding for Amer Sports
Internet giant Tencent Holdings Ltd is in talks to join a Chinese investor group pursuing a takeover of Finland’s Amer Sports Oyj, people familiar with the matter said. Tencent, China’s largest social-media company, is...