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Business

Business: PIF, Jared Kushner’s firm lead $55B buyout of Electronic Arts

Saudi Arabia's Public Investment Fund, Jared Kushner's Affinity Partners and Silver Lake agreed to a $55 billion takeover of videogame maker Electronic Arts on Monday. Should the sale go through,...
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Business: Report: Astralis officially taken over by Fusion Esports Group

Business
Danish esports organization Astralis has officially been taken over by a group called Fusion Esports Group, according to...

Business: Esports Nations Cup set to begin in 2026

Business
An esports tournament pitting nations against each other will launch next year. The Saudi-backed Esports World Cup Foundation announced...

Business: EWC Club Champion to claim record $7M grand prize

Business
The 2025 Esports World Cup officially opened this week with more than 2,000 players from 200 clubs around...

Business: Esports World Cup begins with record $70M-plus prize pool

Business
The 2025 Esports World Cup began on Tuesday with organizers planning the largest esports production in history, featuring...
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Business: Report: CLG heads toward layoffs, sale of LoL team

Business
Counter Logic Gaming -- better known as CLG -- will lay off staff and keep just one team in operation pending a sale, per...

Business: Report: FaZe Clan considering going private

Business
Less than a year after going public, FaZe Clan are considering reversing course, Sports Business Journal reported. The report claims the esports and gaming organization...

Business: OpTic Gaming lays off staff

Business
Multiple members of the OpTic Gaming staff have been laid off, social media posts confirmed on Thursday. The layoffs at OpTic, most well known for...

The CEO of FedEx, Raj Subramaniam said he expects and warns of a global recession in the economy.

Business
Raj Subramaniam, the CEO of FedEx, told Jim Cramer on CNBC on Thursday that he thinks the world economy is headed for a recession. After...

Goldman Sachs begins layoff season cutting hundreds of people

Business
Goldman Sachs is the first significant Wall Street company to act to cut costs with a drop in deal volume, and it plans to shed several...

Elon Musk Reveals One More Reason to Drop Twitter Deal – An Undisclosed Whistle-Blower Payment

Business
On Friday, the CEO of Tesla Elon Musk added a severance payment that Twitter Inc. to a whistleblower to his list of justifications for...
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