Hints and tips:
...Sweeney, a video games programmer, founded Epic in 1991. The company, which makes the popular game Fortnite, is now valued at more than $30bn....
...Instead, it licenses it to other companies through contracts that were the focus of Epic’s case....
...Epic’s victory this week vindicates Sweeney’s persistence....
...He also came under intense grilling by Epic lawyer Lauren Moskowitz about the company’s policy of deleting internal employee messages....
...Epic argues that the app store margin is far higher. Three years ago, gaming company Epic attempted to swerve the charges. In response, Apple and Google removed its Fortnite app from stores....
...That resulted in a saving that was too small to justify using an alternative payment company, according to Epic....
...The announcement of the terms of the settlement, which was reached in September, comes after Epic Games, the maker of popular online game Fortnite, won a related case against the tech company last week....
...Just [on Tuesday] the Supreme Court denied certiorari in Epic Games versus Apple, in which one of Apple’s defences was that they need to sell apps exclusively through the App Store, because that’s the only...
...Its efforts to realise cash through disposals are set to begin with Epic, a California-based digital reading platform, which it acquired in 2021 for $500mn....
...Investment firms ploughed an epic $1.2tn into deals in 2021 at high prices....
...Marc Rowan offers bangers on buyouts Count Apollo Global Management chief Marc Rowan among a growing chorus of prominent investors who believe an epic run for private equity returns has ended....
...“It has become a bigger company and this could create the perception that it needs more insurance,” said Kevin Lacroix, an attorney and executive vice-president at RT ProExec, a unit of RT Specialty, an...
...It has faced sustained criticism and legal challenges from app developers, including Fortnite maker Epic Games and music service Spotify....
...In 2020 Epic, the Fortnite game developer, sued Apple for failing to share the rewards its app had brought. The original ruling went in Apple’s favour but this is on appeal....
...As the name indicates, the WDEM was tongue-in-cheek, but I did write the following in complete seriousness: I think Amazon is going to continue to deliver absolutely epic growth, for the simple reason that...
...TB: Well, hang on, Epic Games does have a big business in game engines too. Its Unreal Engine competes with Unity’s engine....
...Blackstone has deployed an epic spigot of cash over the past two years into what looks like the tail-end of a golden age for buyouts....
...Fortnite’s parent company, Epic, increasingly sees the game as an open ecosystem where other developers can distribute their content....
...to the end of the company life of SVF2 LLC....
...Companies like Epic Games and Match have long complained about fees collected via in-app payment systems. The scale of antitrust criticism suggests many regulators agree....
...FT) SocGen to exit Russia with sale of Rosbank to oligarch (FT + Lex) Ericsson announces ‘indefinite suspension’ of Russian business (FT) Goldman pays €1.7bn for Dutch-based asset manager (Reuters) Epic...
...The Nasdaq has now given up all of its 2021 gains, and many — like Loeb — believe that this is just the beginning of an epic shakeout, rather than the end....
...We’ll continue to fight Epic’s claims in court.” Epic originally filed its complaint in August last. In a counterclaim, Google alleged Epic broke developer agreement terms....
...A 44 per cent loss in four months is epic. The 52 per cent loss of its long-only equity portfolio is ARKK territory. (Ed note: ARKK is actually “only” down 47.2 per cent this year)....
...Tech companies from Facebook parent Meta to Fortnite developer Epic Games are betting billions that the metaverse — a three-dimensional virtual world — will become the next big computing platform, in what...
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