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Entrepreneur

Microsoft-Activision deal gives merger speculators a new darling

Microsoft logo is seen on a smartphone placed on displayed Activision Blizzard logo in this illustration taken January 18, 2022. REUTERS/Dado Ruvic/Illustration Hedge funds, which make profits by speculating on precarious takeovers, got a treat this week when Microsoft Corp (MSFT.O) agreed to buy “call of duty” maker Activision Blizzard [CONTINUE READING]

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Entrepreneur

EXCLUSIVE TikTok owner ByteDance’s revenue growth slowed to 70% in 2021 – sources

Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo TikTok owner ByteDance saw its  revenue grow  70% year on year to about $58 billion in 2021,  slower growth than a year earlier as China tightens [CONTINUE READING]

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Entrepreneur

Russian c.bank proposes banning cryptocurrencies, crypto mining

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a [CONTINUE READING]