Microsoft to buy gaming firm Zenix Media for $7.5 billion.
Microsoft has announced that it will buy Zenix Media, the parent company of popular video game publisher Bethesda, for $7.5 billion. It is the biggest gaming acquisition in Microsoft’s history and this deal gives Microsoft a greater edge over Sony. With this acquisition, Bethesda’s iconic game franchises will be added to Xbox Game Pass. Microsoft could also launch Bethesda games exclusively on Xbox, cutting off Sony’s PS5. Click here to read more
Royal Dutch Shell Plc (NYSE: RDS-B) has launched a major cost-cutting drive tagged Project Reshape that will see it slash about 40% of its oil and gas production costs so that it can overhaul its business and focus more on renewable energy and power markets. The review will affect three main divisions: its upstream division, integrated gas division and downstream division. It is expected to be completed by the end of 2020 when Shell plans to announce a major restructuring. Click here to read more
Illumina Inc (NASDAQ: ILMN), a diagnostics and research company, announced that it will buy cancer screening startup Grail Inc in an $8 billion deal. Grail is developing a blood test intended to diagnose cancers at early stages and it expects to launch its flagship test in 2021. Interestingly, Grail Inc was founded by Illumina in 2016 and it has raised about $2 billion since that time, from investors like Jeff Bezos and Bill Gates. Shares fell 8.3% as some analysts questioned the deal’s rationale. Click here to read more
Looking for some insight into what the stock market means and how it works? Download, read and share this stock market guide we prepared just for you.
Here are the biggest movers in pre-market trading
1. Google-Oracle $9 billion feud faces new uncertainty after Ginsburg’s death. Click here to read more
2. Walmart teams up with Goldman Sachs to offer online sellers business credit lines. Click here to read more
Don’t forget to follow us on Instagram, Twitter, Facebook and LinkedIn.
Use this link to subscribe to our daily newsletter, the Bamboo splinter, so you don’t miss the most important events of the week. It’s very short, we promise.
That’s all from us.
We will see you tomorrow.
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://www.binance.com/bg/register?ref=YY80CKRN
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.