Reuters reported that Chinese internet giant Tencent is negotiating with a panel of national security experts to keep its investments in Riot Games and Epic Games, two of its largest and most lucrative videogame assets in the U.S. A divestment would have a major impact on Tencent as they bring in billions of dollars in revenue. Reuters said the panel, known as the Committee on Foreign...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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