Sony and Bandai Namco have signed a strategic agreement that will see the PlayStation parent acquire a 2.5 percent stake in the Elden Ring publisher, the two companies announced Thursday. Sony will pay approximately JPY 68 billion (roughly Rs. 4,010 crore) to buy 16 million Bandai Namco shares. The partnership between the two Japanese companies … Read more
CoinDCX on Wednesday announced that it has acquired BitOasis, a UAE-based crypto trading platform. With this acquisition, CoinDCX claims it has taken its first step in expanding its crypto business in the Middle East and North Africa (MENA) region. CoinDCX first engaged with BitOasis last year when it invested an undisclosed amount of funding in … Read more
Okto, the self-custodial crypto wallet developed by Indian crypto exchange CoinDCX, has secured a business licence in UAE’s Ras Al Khaimah (RAK) city. This marks a pivotal milestone in Okto’s plans for expansion in international markets, starting with the UAE, the company said on Tuesday. The reason why this licence is important is because RAK … Read more
OpenAI said on Wednesday it had acquired digital products company Global Illumination, in what comes as the first known acquisition by the storied artificial intelligence firm. Financial details of the deal were not disclosed. “The entire (Global Illumination) team has joined OpenAI to work on our core products including ChatGPT,” OpenAI said. New York-based Global … Read more
Coinbase is actively seeking to enhance its suite of services. This week, the crypto exchange completed its acquisition of Utopia Labs, a San Francisco-based blockchain fintech firm. The acquisition aims to refine Coinbase’s on-chain payment systems and services, although financial details have not been disclosed. Coinbase’s valuation was approximately $59.49 billion (roughly Rs. 5,02,159 crore) … Read more
Tata Electronics Pvt Ltd (TEPL) on Friday announced the acquisition of a controlling 60 per cent stake in Taiwanese contract manufacturer Pegatron’s India unit, cementing its position as a key player in the Indian electronics manufacturing sector. The financial details of the transactions were not disclosed. Pegatron India is a subsidiary of Taiwanese Pegatron Corporation, … Read more
Chainalysis, a blockchain data firm, plans to shift its focus from investigating Web3 violations to preventing them. This week, the US-based company announced its acquisition of Hexagate, a Tel Aviv-based Web3 security firm. The deal, finalised for an undisclosed amount, aligns with Chainalysis’s strategic growth plans for the coming year. Hexagate provides a suite of … Read more
Sony, perched atop the gaming sector, is facing a fresh challenge from cash-rich rivals betting on a next-generation online video game boom as the Japanese conglomerate eyes expansion on multiple fronts, including electric cars. Microsoft, a laggard in the generational console battle with Sony, took a major step to position itself for the “metaverse” – … Read more
Monad Foundation, the organization behind high-speed layer-1 blockchain Monad, is acquiring stablecoin infrastructure platform Portal Labs in an effort to scale up blockchain-based payments. Monad said the acquisition will accelerate its push into the stablecoin space and improve tools available for developers and fintechs building with digital dollars. Monad is a layer-1 blockchain compatible with … Read more
Coinbase is sharpening its focus on expanding the reach of Web3 projects built on its Layer-2 network, Base. In a recent move, the crypto exchange announced the acquisition of Spindl, an onchain advertising platform, for an undisclosed amount. With this acquisition, Coinbase aims to help Web3 developers amplify their projects within Web3 communities, emphasizing that … Read more