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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Covid’s Tech Stars Twinkle Again—at Least Today
Life in our pandemic-dominated world increasingly feels like one of those scary TV series where just when you think the monster has been vanquished, you realize it’s still alive. Today’s big market sell-off on news of the new Covid-19 variant in South Africa—dubbed Omicron by the World Health Organization—is a good reminder of how vulnerable the market is to another flareup of the virus....
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