eSports

Sony Corporation’s (NYSE: SNE) PlayStation 5 and Microsoft Corporation’s (NASDAQ: MSFT) Xbox consoles released this month are following different strategies to vie for the attention of gamers and generate revenue — and the latter might just have an edge over the former, according...

Sony Corporation’s (NYSE: SNE) PlayStation5, which is only available online, has sold out on major sites in Japan after the company launched the console Thursday, Reuters reported. Why It Matters: Retailers in Japan are holding draws to sell the PS5, priced between $400 to $500, as stock is...

The Esports Observer reports ESPN is shutting down its esports division. What Happened: “We have made the difficult decision to cease operations for our dedicated daily esports editorial and content,” ESPN told The Esports Observer. The announcement follows Walt Disney Co's...

Thanks to the cloud computing boom, information technology departments and investors alike are getting acquainted with acronyms ending in “aaS,” be it software as a service (SaaS), Infrastructure as a Service (IaaS) and more. What Happened: The gaming world has its own version: Gaming...

Electronic Arts Inc (NASDAQ: EA) shares tanked in the after-hours session Thursday as the company missed analyst estimates for the second quarter of the fiscal year 2021 even as it beat management guidance. EA's decision to start paying quarterly dividend amid weak earnings also didn't sit...

Amazon.com, Inc (NASDAQ: AMZN) subsidiary Twitch is holding its flagship conference, TwitchCon, virtually this year on Nov.14 and has dubbed it “GlitchCon.” What Happened: The conference was announced on Twitter on Tuesday, with a playful advertisement video, which claimed “...

Amazon.com, Inc (NASDAQ: AMZN) said Tuesday it is issuing invitations to a “small set of customers” in the United States to access its cloud-based gaming service Luna. What Happened: The early access program will rope in streamers and players — core, casual, and first-...

Apple Inc. (NASDAQ: AAPL) showed off its new iPhone12 phones and smart speakers at its "Hi, Speed" event Tuesday afternoon. What Happened: “League of Legends,” one of the most popular PC games, is coming to the iPhone 12 later this year. Riot Games, owned by Tencent Holdings (...

Two large Chinese video game streaming companies agreed to a merger Monday.  What Happened: Huya Inc (NYSE: HUYA) and DouYu International (NASDAQ: DOYU) announced a merger agreement Monday. The deal comes after pressure from Tencent Holdings Ltd (Pink: TCEHY) for the companies to merge. Huya...

International Business Machines Corporation (NYSE: IBM) announced a multi-year deal with the professional esports league Overwatch late Thursday. The deal will introduce IBM’s cloud computing and artificial intelligence capabilities, including its natural language processing and...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Casual gamers and those new to this investment niche often focus on console games. With new a new PlayStation and Xbox soon to hit the...

The ongoing saga between China and the United States over how data collected is now shifting from TikTok to gaming companies.  What Happened: Chinese gaming companies are being scrutinized by the U.S. government, according to a Thursday Bloomberg report.  Tencent (Pink: TCEHY), the world...

Microsoft Corporation (NASDAQ: MSFT) has announced its plan to acquire video gaming company ZeniMax Media for $7.5 billion in cash. ZeniMax Media creates and publishes interactive entertainment content for consoles, PCs and wireless devices. ZeniMax Media is also the parent company of Bethesda...

This week’s hot IPO market will continue on Friday with the largest platform for creating video games going public. The Filing: Unity Software (NYSE: U) is planning on selling 25 million shares. The company will trade on the NYSE with symbol U. The company had originally planned a pricing...

Video game software developer Unity Software Inc. priced its initial public offering above previous estimates on Thursday. What Happened: Unity said it planned to issue 25 million shares at $52 per share. The underwriters are entitled to a 30-day option to buy an additional 3.75 million shares...