That includes 29 catalogs worth $440 million that the London-listed fund’s board has agreed to sell to the Blackstone-backed Hipgnosis Songs Capital.
After trading at a deep discount to net asset value, the sale would be a win-win for buyer and seller (and for a major competitor, too).
Embracer’s days of buying nearly every game developer and publisher it possibly can seem to be over, with the company now looking to reduce expenses. It recently closed Saints Row studio Volition as part of a restructuring plan that includes layoffs and game cancellations. Embracer may now be set to sell one of its more…
Intel is one of the latest companies to invest in Arm, joining the ranks of Samsung, Alphabet, Nvidia and more, Tom’s Hardware reports. The move comes as Softbank preps Arm for its IPO, with plans to offer 95.5 million shares at $47 to $51 each. The company is valued at $52 billion — more than…
Intel is one of the latest companies to invest in Arm, joining the ranks of Samsung, Alphabet, Nvidia and more, Tom’s Hardware reports. The move comes as Softbank preps Arm for its IPO, with plans to offer 95.5 million shares at $47 to $51 each. The company is valued at $52 billion — more than…
The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
Just over a month after it declared bankruptcy, e-bike maker VanMoof has found a new home. Lavoie, the electric scooter division of McLaren Applied, has agreed to buy VanMoof and make investments in it to grow the business. According to a press release…
Publishing accounted for 62% of BMG’s overall take, driven by classic hits and songs by new artists like Lewis Capaldi.
If you’ve been wondering who’s making the most money from the AI boom, NVIDIA may have the answer in it’s latest earnings report. The company announced revenue of $13.51 billion in the second quarter, more than doubling the $6.7 billion it made last year and crushing market expectations. On top of that, it earned $6.18…
With just two of its 21 stocks in positive territory, the Billboard Global Music Index fell 3%.
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