Riot Games has sued a videogame developer owned by TikTok’s parent, allegeding it copied its game. Riot, the maker of the popular “League of Legends” and a wholly owned subsidiary of Chinese games and social network giant Tencent, alleged that Shanghai Moonton Technology copied its “League of Legends: Wild Rift.” Riot has earlier sued Moonton, allegeding it had copied several games, but...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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