Prosus has announced it is buying Stack Overflow for $1.8 billion, as it increases its focus on the online learning market.
Huawei Shifting Focus to the Cloud
As US-led sanctions take a toll, Huawei is increasingly shifting its focus to the cloud to help secure its future.
New Funding Round Values Reddit at an Astounding $3 Billion
Reddit announced a new $300 funding round valuing the company at an astounding $3 billion. The valuation is amazing considering that Reddit has been around for quite a while and is presumably past its high growth phase.
China Just Lifted New Video Game Ban
China just lifted its year-old ban on new video games but interestingly in the first batch approved none were from Tencent. Steinberg also noted that China “has gone very hyper” with the control they have put on games.
Chinese Telco Invests in Epic Games
Tencent Holdings Limited, a Chinese internet, mobile, and telecommunications provider, announced today that it has acquired a minority stake in Epic Games, Inc. Epic is the development studio behind the Unreal Engine and video game titles such as the Gears…