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Markets in mixed mood as Tencent trims Kuaishou stake and oil climbs
business8 days ago

Markets in mixed mood as Tencent trims Kuaishou stake and oil climbs

Global markets were mixed: Tencent sold about $1.5B of Kuaishou shares, sending the stock down roughly 9.6%; Sapporo and Carlsberg agreed to expand in Southeast Asia and Hong Kong with a $643M 25% stake; oil rose on renewed tensions in the Strait of Hormuz; Hanwha Ocean plunged after losing Canada’s submarine bid; Samsung slipped despite a forecast for record Q2 profit; Asia markets opened mixed with Korea down and Japan set to rise; SpaceX is set to join the Nasdaq-100; Vertex will acquire Crinetics for $10B; stock futures were little changed after hours.

via CNBC|
#business#kuaishou#markets
Dont Nod could face a cash crunch by November without new financing
business28 days ago

Dont Nod could face a cash crunch by November without new financing

Dont Nod warns it could run out of cash by November unless it secures new financing; as of April 13, 2026 it had about €8.8 million in cash and has asked Tencent for a short-term capital increase, but Tencent—the largest shareholder—appears not to be interested, while talks with other major players have not yielded a deal. The company restructured around RPG, narrative/adventure and action/adventure and cut staff in 2025, highlighting broader Chinese disinvestment from external studios.

via GamesIndustry.biz|
#business#cash-flow#dontnod-entertainment
Dont Nod in funding squeeze as Aphelion project risks shrinkage
business28 days ago

Dont Nod in funding squeeze as Aphelion project risks shrinkage

Dont Nod, the French studio behind Life is Strange, warns its cash reserves may be depleted by November as Tencent backs away from funding its next project. With about €8.8m in cash as of April, leadership is exploring other publishers, but no commitments have been made. The board will meet on June 17 to discuss options, and the company may cut or scale back Project P14, potentially triggering layoffs and a reduced scope while negotiations continue amid a broader industry funding pull from major publishers.

via Eurogamer|
#aphelion#business#dontnod
SpaceX IPO Redefines VC Payoffs, Dominating All-Time Top Checks
business1 month ago

SpaceX IPO Redefines VC Payoffs, Dominating All-Time Top Checks

SpaceX’s historic IPO has vaulted its backers into the top tier of inflation-adjusted venture-capital gains, with multiple funds (Valor Equity Partners, Founders Fund, DFJ Growth, Sequoia, 137 Ventures, and others) posting multibillion-dollar, inflation-adjusted returns. The piece shows SpaceX investors now dominate the 10 biggest VC checks of all time, eclipsing classic bets like eBay via Benchmark; many of these gains remain paper profits due to lock-ups, and Google-backed deals are noted as excluded from the top ten for methodological reasons.

via Forbes|
#business#ipo#softbank
Live-service bets fail fast: Highguard’s collapse exposes gaming’s rush for instant profits
business3 months ago

Live-service bets fail fast: Highguard’s collapse exposes gaming’s rush for instant profits

Industry analysis argues that live-service games are treated as instant-profit investments, with Highguard’s swift demise after a Tencent-backed launch despite 2 million players; Marathon offers promise but profitability remains uncertain, underscoring a broader pattern where investor pressure and the time-to-kill metric drive whether a game survives or fails.

via The Guardian|
#business#highguard#live-service-games
Wildlight Entertainment Nears Shutdown After Highguard Debacle
gaming3 months ago

Wildlight Entertainment Nears Shutdown After Highguard Debacle

Wildlight Entertainment, the studio behind the shooter Highguard, appears likely to close after a rocky launch that saw concurrent players crater and Tencent withdraw funding; the studio’s website and LinkedIn vanished, servers shut down on March 12, and co-founder Chad Grenier indicated there may be no future for Wildlight, suggesting the company is winding down after founding in 2021.

via MP1st|
#gaming#highguard#live-service-game
Paramount–Warner Buyout Faces Global Investment Headwinds
politics4 months ago

Paramount–Warner Buyout Faces Global Investment Headwinds

Paramount’s bid to buy Warner Bros. Discovery, backed by Gulf sovereign wealth funds and now supplemented by Tencent funding, faces mounting pressure as Iran’s conflict prompts Gulf countries to review investments; potential security reviews and shifting finance could derail the $111 billion deal and reflect broader strains on US media consolidation and international finance.

via Gizmodo|
#cfius-national-security#gulf-investment-funds#paramount
Wildlight's Highguard folds after 46-day run, servers close March 12
gaming4 months ago

Wildlight's Highguard folds after 46-day run, servers close March 12

Wildlight Studios' live-service shooter Highguard is shutting down on March 12, just 46 days after its January launch. The final update will add a new character, weapon, and updated skill trees as the team winds down. Wildlight attributed the closure to an unsustainable player base and funding challenges after Tencent pulled support, noting more than two million players had tried the game and that servers will remain online until the shutdown date.

via Engadget|
#gaming#highguard#live-service
Ex-Highguard designer blames 'sweaty' 3v3 for turning players off
gaming4 months ago

Ex-Highguard designer blames 'sweaty' 3v3 for turning players off

A former Highguard level designer argues the game’s heavy emphasis on a competitive 3v3 mode and its complex rule set created a high entry barrier, contributing to onboarding and retention problems as casual players struggled to adapt. He contrasts this with Apex Legends’ easier onboarding and notes that the decision to lean into 3v3 increased team reliance and skill requirements. The situation was exacerbated by Tencent pulling funding after launch and layoffs at Wildlight, leaving a small core team and underscoring the project’s fragile footing despite ambitious design.

via Eurogamer|
#3v3#competitive#gaming
Assassin’s Creed Veteran Trio Takes Charge at Ubisoft’s Tencent-backed Vantage Studio
news4 months ago

Assassin’s Creed Veteran Trio Takes Charge at Ubisoft’s Tencent-backed Vantage Studio

Ubisoft has tapped three long-time Assassin’s Creed veterans—Martin Schelling (brand head), François de Billy (Head of Production Excellence), and Jean Guesdon (Head of Content)—to run the franchise from the Tencent-backed Vantage Studios. The trio will define the series’ long-term vision, streamline production workflows, and guide creative direction across future installments—including a Black Flag remake—after recent leadership changes, signaling Ubisoft’s intent to keep the open-world stealth franchise on track and integrated with its broader development strategy.

via Kotaku|
#assassins-creed#leadership#news
Ubisoft Toronto trims 40 roles as Splinter Cell remake stays in motion amid corporate shake-up
news4 months ago

Ubisoft Toronto trims 40 roles as Splinter Cell remake stays in motion amid corporate shake-up

Ubisoft Toronto laid off 40 staff as part of a broader cost-cutting overhaul following Tencent’s investment, but the long‑delayed Splinter Cell remake remains in active development. The shake-up also led to cancellations like Prince of Persia: The Sands of Time remake, while Toronto will continue to support Rainbow Six as a co‑developer.

via Kotaku|
#layoffs#news#splinter-cell-remake