Entertainment company Endeavor Group Holdings has reached a deal to acquire sports betting software company OpenBet from Scientific Games Corporation for $1.2 billion, mostly in cash. The acquisition reflects a surge of interest in sports betting caused by its legalization in numerous states. Endeavor already owns sports video streaming and data provider IMG Arena but this deal will reinforce...
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Creator Economy Summit
Announcing the Creator Economy Summit Masterclasses 2022
We’re excited to see everyone on May 25 at The Information’s second annual Creator Economy Summit. Our masterclass breakout sessions are an important part of the Summit. At this year’s event, we’ll have three sets of 45-minute masterclasses. Here is a preview of this year’s topics. For group ticket information, please email [email protected] 10:15...
Zoom Shares Jump After Strong Earnings Report, Forecast
Klarna to Cut 10% of Global Workforce
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The crypto party was as raucous as ever—and then someone turned on the lights. After a year of record-high token prices and newfound support from legacy financial institutions like Fidelity and BlackRock, reality bit hard the second week of May when the algorithmic stablecoin terraUSD (known as UST) crashed, taking down some $400 billion in crypto market cap with it.
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Cryptocurrency trading firm Coinbase, whose revenue has shrunk amid a downturn in the sector, is pausing new business projects, freezing hiring for two weeks and aiming to slash its cloud spending on Amazon Web Services, among other cost-cutting measures, according to a pair of internal emails sent to employees this week and viewed by The Information.