OpenSea’s $300 million infusion gives it a valuation of 13.3 billion, eight times higher than the valuation it received at its last funding round in July.
The deal values AGBO, which was co-founded by Joe and Anthony Russo, at $1.1 billion—the latest in a string of pricey investments in Hollywood content firms.
Shares of Sea, Southeast Asia's most valuable tech giant with a market capitalization of more than $100 billion, fell 11% on the news of Tencent's divestment.
The impact of the new rules, which were first proposed in draft this summer, will depend on how they’re implemented and enforced when they take effect March 1.
Alphabet is rewarding four of its most senior executives with salary increases and fresh stock awards after a year of industry-leading share price gains