SoftBank-backed metaverse firm Improbable has sold its multiplayer game services venture The Multiplayer Group to Keywords Studios, a London-listed gaming firm, for £76.5 million. It’s the latest divestment of a gaming-related venture for Improbable, as the SoftBank-backed
@ryan_browne_
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Improbable Worlds Sells Multiplayer Group to Keywords Studios
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New: Improbable Worlds has sold The Multiplayer Group, a game services firm it acquired in 2019, to London-listed Keywords Studios. Full story coming shortly on @CNBC
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Danish Fintech Pleo Hires CFO Ahead of Potential IPO
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Scoop: Pleo, the Danish fintech, has hired a new CFO to beef up its finance team. The move is symbolic of a mature-stage startup thinking about IPO plans. To that end, Pleo CEO @jepperindom tells me Lonning's appointment will give the firm the "optionality" for IPO should it
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SumUp Raises 285 Million Euros for Global Expansion Push
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New: SumUp, a rival to Jack Dorsey's Block, has raised 285 million euros of fresh funding to bolster its global expansion ambitions. The company, which is known for its card readers, is exploring a big M&A push to drive that expansion abroad, CFO Hermione McKee told me. As for
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UK CMA Reviews Microsoft’s OpenAI Investment for Merger Concerns
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Big news. The UK's CMA is the first regulator globally to start reviewing Microsoft's investment in and partnership with OpenAI. The CMA says it's seeking views from interest parties on whether the deal has created a "relevant merger situation."
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Google Launches Gemini, Its Most Capable AI Model Yet
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Google launches its largest and "most capable" AI model, Gemini. This is Google's chance to fight back against criticism it's been resting on its laurels when it comes to AI innovation vs arch rival Microsoft. (Tbf, Google has been cranking on solid AI research for years, but
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Spotify cuts 17% workforce despite profitability quarter
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Thought we were done with layoffs in tech? Think again. Spotify is the latest company to cut jobs, telling staff today it is shedding 17% of its workforce. The cuts represent ~1,500 roles. That's despite Spotify reporting a profit in the third quarter. Spotify banked a €65m
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Plaid Appoints Former Adyen Executive as Europe Head
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Exclusive: Plaid has hired a former exec at Adyen, Brian Dammeir, as its new head of Europe.
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Binance CEO Changpeng Zhao pleads guilty to federal charges
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BREAKING: Binance CEO Changpeng Zhao to plead guilty to federal charges, step down CEO of the biggest crypto company in the world getting charged with criminal charges – massive.
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Mastercard partners with Feedzai AI to combat crypto fraud
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Exclusive: Mastercard has partnered with AI startup Feedzai to tackle fraudulent crypto-related transactions. The deal is a big step from Mastercard to push even deeper into crypto – a space that many banks and institutions have been wary to touch given its association with