Tag Archive : bid

/ bid

A federal judge denied a request from Epic Games to force Apple to reinstate Epic’s Fortnite game on the App Store while awaiting the results of an antitrust lawsuit.

U.S. District Court judge Yvonne Gonzales Rogers also ruled in favor of Epic, permanently granting a prior temporary order that stops Apple from retaliating against Epic by removing support for Epic’s Unreal Engine.

The antitrust lawsuit began August 13 when Epic announced a discount policy and direct payment mechanism for Fortnite that Apple and Google said violated their respective terms of service. Epic CEO Tim Sweeney has long argued that the 30% commissions the big companies take of every game transaction is unfair and that Epic should be able to directly sell its in-app goods to players for lower prices. Epic only charges 12% as a fee for developers in its own store.

After Epic modified the iOS version of Fortnite

Read More

(Reuters) — The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet Inc’s Google from a long-running lawsuit by Oracle accusing it of infringing Oracle copyrights to build the Android operating system that runs most of the world’s smartphones.

The shorthanded court, down one justice following last month’s death of Ruth Bader Ginsburg, heard oral arguments in Google’s appeal of a lower court ruling reviving the lawsuit in which Oracle has sought at least $8 billion in damages.

Some of the eight justices expressed concern that Google simply copied Oracle’s software code instead of innovating and creating its own for mobile devices. Others emphasized that siding with Oracle could give software developers too much power with potentially harmful effects on the technology industry.

A jury cleared Google in 2016, but the U.S. Court of Appeals for the Federal Circuit overturned that decision in

Read More

A top executive at a Singapore firm seeking to buy Newcastle United has quit after police launched a probe into his activities, the company said Wednesday, the latest turmoil for the bid.

Bellagraph Nova Group, founded by two Singaporean entrepreneurs and a Chinese business partner, announced in August it was in “advanced talks” to buy the English Premier League team.

But the bid became mired in controversy over allegations that photos had been doctored to show the trio meeting with former US president Barack Obama, and other inconsistent claims.

Police then began investigating a company linked to Singaporean co-founders Terence and Nelson Loh, after an accounting firm lodged a report over unauthorised signatures on the group’s financial statements.

BN Group said in a statement that Terence Loh has now quit the firm to try and resolve the issues related to the police probe into Novena Global Healthcare.

Singapore’s Straits Times

Read More

Did you miss your window to preorder a PlayStation 5? It’s probably best you wait until more stock is made available, if eBay is anything to go by. For the princely sum of £7,600 ($9,800), you can buy yourself a standard “disk edition” (sic) PS5–with an extra controller(!)–from a British seller who’s aiming to make the biggest payday in history, and become the most legendary scalper in the south-east of England.

Based on the U.K.’s standard PS5 retail price of £449 ($579), plus the additional controller cost of £60 ($77), the listing boasts an incredible 1,393% mark-up on the recommended retail price. Luckily, the automatically applied PayPal Credit option is gracious enough to allow you to pay in 24 installments of just £359 ($463) per month, equivalent to the cost of 19.6 PS5s at U.S. cost price.

Read More

JOHANNESBURG/ABIDJAN (Reuters) – When COVID-19 hit Ivory Coast, Bonaventure Kra, who works at an import-export business, began to worry. Handling hard cash all day was a risk. Queuing in crowded bank branches exposed him to infection.

A woman prepares to perform a financial transaction on her mobile phone at a bank of the French mobile operator Orange in Abidjan, Ivory Coast, September 18, 2020. REUTERS/Macline Hien

Then, in the midst of the pandemic, French telecommunications giant Orange ORAN.PA launched an entirely digital bank – its first full banking venture in Africa.

“Going back to cash would be like travelling back in time,” Kra said in the country’s commercial capital, Abidjan. “I intend to use it permanently.”

Africa’s mobile phone operators are ramping up plans to bring banking to millions of Africans, in some cases for the first time, after the coronavirus crisis caused a surge in use of digital financial

Read More

FILE PHOTO: Flags of China and U.S. are seen near a Bytedance logo in this illustration picture taken September 18, 2020. REUTERS/Florence Lo/Illustration/File Photo

WASHINGTON (Reuters) – A judge in Pennsylvania on Saturday rejected a request by three TikTok content creators who asked her to temporarily block a government ban on Apple Inc AAPL.O and Alphabet Inc Google GOOGL.O app stores offering the short-video sharing app for download set to take effect on Sunday.

The content creators argued they would “lose access to tens of thousands of potential viewers and creators every month, an effect amplified by the looming threat to close TikTok altogether.”

U.S. District Judge Wendy Beetlestone wrote that the ban is “undoubtedly an inconvenience” but said in denying the request “they will still be able to create, publish, and share content for their millions of current followers.”

A separate legal challenge from TikTok and Chinese owner ByteDance

Read More