Tech Brew Ride Home Mon. 09/21 – ByteDance Says It Won. Trump Says Not So Fast. TikTok Continues… For Now.
Sep 21, 2020
Confusion reigns over TikTok's ownership as ByteDance asserts control despite Trump's approval of Oracle's bid. Microsoft makes waves by acquiring ZeniMax Media for $7.5 billion, poised to shake up the gaming industry. Nikola's founder steps down amid serious fraud allegations, raising eyebrows in the electric vehicle sector. Plus, Amazon is set to launch its Sidewalk network to boost neighborhood connectivity, while Playco achieves mobile gaming unicorn status with significant funding.
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TikTok Deal Uncertainty
- ByteDance asserts majority ownership of TikTok Global, contradicting Trump, Oracle, and Walmart.
- This raises questions about the deal's future and control over TikTok.
Microsoft's Industry-Changing Acquisition
- Microsoft's acquisition of ZeniMax Media, owner of Bethesda Softworks, is a significant industry event.
- The deal raises questions about the future of Bethesda's games on other platforms.
Playco's Ambitious Launch
- Playco, a mobile gaming startup with Justin Waldron as co-founder, raised $100 million.
- Their goal is to simplify mobile game sharing.