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$ATVI announced the completion of the acquisition of $KING, under which ABS Partners, a unit of $ATVI, acquired all outstanding shares of $KING for $18 in cash per share, for total equity value of $5.9Bil. $KING will continue to be led by CEO Riccardo Zacconi, Chief Creative Officer Sebastian Knutsson and COO Stephane Kurgan.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.