The New York Times Is Buying Hit Viral Game Wordle
The company paid creator Josh Wardle a price in the “low seven figures.”
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Legendary Entertainment Sells Stake to Apollo for $760 Million
The deal comes as Hollywood studios try to cash in on the growing demand for producers of streaming content.
Coinbase Adds Shopify CEO to Board
Shopify CEO Tobias Lütke will advise Coinbase executives as the cryptocurrency exchange platform expands internationally and develops new products.
Sony Moves to Acquire Game Studio Bungie for $3.6 Billion
The studio, once owned by Microsoft, is known for creating the influential gaming franchises Halo and Destiny.
Bolt CEO Replaced Following Controversial Tweets
CEO Ryan Breslow called Stripe and Y Combinator "the Mob Bosses of Silicon Valley" in a series of Tweets last week.
FTX Valued at $32 Billion in New Funding Round
The fundraising comes less than four months after the company raised money at a $25 billion valuation in October.
Vista and Elliott to Buy Citrix for $16.5 Billion
Citrix is one of a number of older enterprise software firms that is trying to shift towards cloud-based subscription software but whose revenue is growing very slowly.
Spotify to Add Content Advisory to Podcasts Discussing Covid
The move comes after musician Neil Young last week pulled his music off Spotify saying the app helped spread misinformation about Covid vaccines.
Climate Startups Raised $40 Billion Last Year
Funding battery and electric vehicle startups made up 40% of total investments.
Meta Pauses New Users From Accessing CrowdTangle Tool
CrowdTangle founder Brandon Silverman left Meta Platforms last October.
Airbnb Exec Chris Lehane Joins Katie Haun’s Crypto Fund
Lehane is the latest exec to make the jump from mainstream tech to crypto.
Hedge Fund Brevan Howard Expands $250 Million Crypto Unit
The hedge fund’s new unit has grown substantially since its launch in September.
F1 Champ Lewis Hamilton Backs Ultrafast Delivery Startup
London-based ultrafast delivery startup Zapp has secured another $200 million of funding to continue expansion in Europe.
Tencent in Talks to Take Nasdaq-Listed Game Streaming Firm Douyu Private
The talks come after China's antitrust regulator blocked an earlier merger deal between Douyu and another Tencent-backed game streaming firm Huya.
DOJ, State AGs say Epic Games Antitrust Ruling Was Wrong
The Justice Department and states are investigating the iPhone maker for possible antitrust violations.
SoftBank COO Marcelo Claure Steps Down After Clash Over Pay
Claure's departure comes after disagreements with CEO Masayoshi Son over compensation and investments in Latin America.
Robinhood Stock Sinks as it Forecasts Steep Drop in Revenue
Robinhood’s grim outlook for the quarter further punishes its stock.
Credo Technology Climbs 17% In Public Debut
Credo marked the first big tech IPO of 2022. Tech stocks have been sliding in recent weeks on worries about forthcoming interest rate hikes.
Apple Boosts Revenue 11% in December Quarter
Apple said iPhone revenues rose 9% while Mac revenue jumped 25%. Services, which has become one of Apple's fastest growing businesses, rose 24%.
Meta’s Kustomer Acquisition Wins EU Approval
The $1 billion deal remains under investigation by the Federal Trade Commission in the U.S.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy