Krafton, the South Korean company behind the hit title PlayerUnknown’s Battlegrounds, plans to raise $5 billion in an initial public offering at a $25 billion valuation, Bloomberg reported. The IPO would be a boon to investors such as Chinese internet giant Tencent, which owns a roughly 16% stake in Krafton. However, it remains to be seen whether Krafton can produce a steady stream of hits...
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How Netflix Can Regain Momentum
We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
Klarna to Raise Cash at $6.5 Billion Valuation in Dramatic Down Round
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China’s Tencent, ByteDance Implement New Round of Layoffs
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