A Delaware court dismissed a shareholder lawsuit filed against Square’s owner Block, alleging its $306 million purchase of music streaming service Tidal in 2021 breached directors’ fiduciary duty. The judge ruled that while the deal was a “terrible business decision,” directors are “free to make a terrible business decision” as long as they are made “in good faith.” The judge’s decision,...
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The Gaming Startups Bucking the Funding Drought
Like most startups, gaming companies have seen interest from venture capitalists fall off sharply in the last year. But appetite is not completely dead. Investors have been backing those that prioritize creator-generated content and those that incorporate generative artificial intelligence—and sometimes both.Gaming startups raised $1.1 billion in 140 deals in the first quarter, according to a...
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