• HMD Global Gets $100M In Funding From Multiple Investors

    5 monthes ago - By Android Headlines

    HMD Global has received $100 million in total funding from several investors following its latest round of financing, bringing the Finland based company's market valuation to over $1 billion. The company says it will use the money to expand its business operations and provide funding for the company's growth plan as it enters its second year since its inception on December 1, 2016. For this year, HMD Global aims to grow its suite of Nokia -branded mobile devices and extend the scope of its channel across strategic markets. The latest round of funding was led by Geneva-based Ginko Ventures...
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  • One hundred meeeeellion dollars: Epic dumps serious cash into Fortnite esports

    One hundred meeeeellion dollars: Epic dumps serious cash into Fortnite esports

    5 monthes ago - By Ars Technica

    Enlarge / Apparently, enough people are buying Fortnite 's wholly optional outfits and dance moves to fuel $100 million of prizes for the game's first year of esports tourneys.
    How serious is Fortnite as a video gaming phenomenon? Today's announcement of the shooter game's first esports prize pool is a pretty stark indicator, as publisher Epic Games has promised to invest no less than $100 million into the game's first year of competitive gaming.
    You read that correctly: $100,000,000.
    To understand how huge a number that is, a few comparison points are in order. The online five-on-five...
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  • Fortnite gets $100 million from Epic for esports push

    Fortnite gets $100 million from Epic for esports push

    5 monthes ago - By VentureBeat

    Epic Games had $100 million burning a hole in its proverbial pocket, and the company has decided to use that cash to begin building up the esports scene for its megapopular battle royale shooter Fortnite. This is an astronomical investment in competitive gaming and the future of Fortnite, and it is a clear sign from the studio that it is planning l...
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