Friday, May 27, 2022

Alibaba reports slowest growth yet amid COVID-19 outbreaks

The company reported a net loss attributable to shareholders of 16.24 billion yuan ($2.4 billion), more than triple the same time last year, driven primarily by decreases in the market prices of Alibaba's equity investments in publicly-traded companies. https://ift.tt/h3XBAja

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Sources: Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the Elden Ring game, in the coming weeks; Kadokawa had a ~$2.7B market cap (Reuters)

Reuters : Sources: Sony is in talks to acquire Kadokawa, the Japanese media powerhouse behind the Elden Ring game, in the coming weeks; K...