Intercontinental Exchange will take its cryptocurrency business public by merging it with a special purpose acquisition company, The Wall Street Journal reported Monday morning. The business, called Bakkt, is expected to be valued at $2.1 billion after it merges with VPC Impact Acquisition Holdings. As the Journal notes, the deal fuses two of today’s hottest investing trends, cryptocurrency...
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Trial Testimony Cracks Open Microsoft’s Black Box
Greetings!The big news coming out of today’s proceedings in the Epic–Apple trial had nothing to do with either company. It was that Microsoft does not now, and never has made any money from the sale of its Xbox console. For a device that has been on the market for 20 years, it’s surprising that Microsoft has yet to figure out the economics so that it could at least break even by now. Then...
Tencent Trying to Prevent Forced Divestment of Riot, Epic Games
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Microsoft Gaming Exec Details Failed Bid to get Cloud Gaming Service on iPhone
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