AT&T is continuing to unload its entertainment assets–today announcing that it is selling Warner Bros Games’ Playdemic mobile games studio to Electronic Arts for $1.4 billion in cash. The deal for the studio, which is behind the popular game, “Golf Clash,” comes just weeks after AT&T announced it is selling all of WarnerMedia to Discovery. Just a few weeks ago AT&T CEO John...
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For Tech CEOs, ‘Challenging’ Means Dismal
Challenging! That’s the euphemism of the moment, used by way too many tech CEOs (including Tim Cook and Sundar Pichai tonight and Mark Zuckerberg and Evan Spiegel in recent days) to describe either 2022 or the current moment or both. Translated from corporate-speak into conversational English, it means business is bad. Just how bad became clear from the December-quarter results reported...
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