In a regulatory filing on Monday, video game platform Roblox Corp stated, it has revived its plans to go public and expects its shares to start trading on the New York Stock Exchange on March 10. Earlier the company had postponed its plans to go public through a direct listing following a U.S. Securities and…
As per a source Nvidia has outbid Intel Corp for Mellanox. The deal assumes strategic importance since it will reduce Nvidia’s dependency on the gaming industry for its revenues. As per a source familiar with the matter at hand, Nvidia Corp is close to acquiring Mellanox Technologies Ltd for more than $7 billion. The potential…
With online video games being Tencent’s cash machine, their shuttering is likely to impact its revenues. On Monday, Tencent Holdings stated, it will discontinue Texas Hold’Em poker video game from its market place. The move is aimed at complying with Chinese laws with Beijing intensifying its scrutiny over the gaming industry. Tencent stated it will…
Consumers are increasingly taking to gaming in their smartphones rather than stick to traditional devices such as consoles and computers. Subscription models and cloud gaming could be the new engines for growth for gaming companies. With the annual Gamescom trade fair opening its doors in the German city of Cologne, the online entertainment and the…
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