Microsoft is developing a “next generation game store” that could operate on mobile devices and compete with Apple’s App Store and the Google Play Store, the company said in a regulatory filing on Tuesday. Microsoft’s $69 billion acquisition of Activision Blizzard will enable its Xbox gaming unit to expand to the mobile gaming market, where it currently has “no meaningful presence,” the...
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Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal. But it didn’t all go to plan. As the bank tried to digest the...
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