• Fortnite Reports More Than $9 Billion USD in Revenue in Its First Two Years

    4 days ago - By Hypebeast

    Since its meteoric rise to popularity in 2018, Fortnite has reportedly generated over $5 billion USD in revenues for parent company, Epic Games. In a recent court battle with Apple , documents were revealed to the public regarding the game's overall revenues. In the first two years, Fortnite raked in more than $9 billion USD for Epic in 2018 and 2019. Though the documents did not break down just how much Epic profited from Fortnite , the company did see a rise in profit of over $5.5 billion in the two-year period. Reports also indicated that the company predicts almost $3.6 billion USD in...
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  • Verizon Is Selling Yahoo and AOL for $5 Billion USD To Private Equity Firm

    Verizon Is Selling Yahoo and AOL for $5 Billion USD To Private Equity Firm

    4 days ago - By Hypebeast

    Verizon is officially selling Yahoo and AOL to private equity firm Apollo Global Management for $5 billion USD - nearly half of the $9 billion USD it originally shelled out to acquire the pair. Verizon is set to maintain a 10 percent stake in the company. Apollo, which also owns the Venetian resort in Las Vegas as well as arts and crafts retailer Michaels, is evidently expanding its portfolio with this purchase. Apollo partner Reed Rayman stated , "We are thrilled to help unlock the tremendous potential of Yahoo and its unparalleled collection of brands. We have enormous respect and...
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