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By Sarah E. Needleman and Cara Lombardo Chat startup Discord Inc. has halted talks to sell itself to potential suitors including Microsoft Corp., according to people familiar with the matter, as it resumes interest in a potential initial public offering down the line. Microsoft had been in advanced talks to acquire Discord for at least $10 billion, The Wall Street Journal reported last month. Those talks ended without a deal, though it is possible they could be rekindled in the future, some of the people said. Microsoft, whose market value Tuesday stood at nearly $2 trillion, has been on the hunt for acquisitions that would help it reach more consumers.
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By Sarah E. Needleman and Cara Lombardo Chat startup Discord Inc. has halted talks to sell itself to potential suitors including Microsoft Corp., according to people familiar with the matter, as it resumes interest in a potential initial public offering down the line. Microsoft had been in advanced talks to acquire Discord for at least $10 billion, The Wall Street Journal reported last month. Those talks ended without a deal, though it is possible they could be rekindled in the future, some of the people said. Microsoft, whose market value Tuesday stood at nearly $2 trillion, has been on the hunt for acquisitions that would help it reach more consumers. Last summer, it explored a bid to purchase parts of the video-sharing app TikTok amid a high-profile geopolitical standoff prompted by the Trump administration.
By Sarah E. Needleman YouTube s chief executive said the company still sees a risk of violence in the aftermath of the Jan. 6 Capitol Hill riot and that it would only lift its suspension of former President Donald Trump from the video-sharing platform once it determines the risk of violence has decreased. Susan Wojcicki, CEO of the Alphabet Inc. unit, on Thursday said, Given just the warnings by the Capitol Police yesterday about a potential attack today, I think it s pretty clear that that elevated violence risk still remains. She was speaking at a virtual event hosted by the Atlantic Council, a nonpartisan think tank.
GameStop and AMC’s stocks are on a tear, but their businesses aren’t
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Jacquie McNish
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In the past few weeks, investors have bid up the share prices of companies such as GameStop Corp. and AMC Entertainment Holdings Inc., as short sellers have bet against them. Here is an analysis of the challenges and prospects for these businesses.
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A Wall Street Journal Roundup In the past few weeks, investors have bid up the share prices of companies such as GameStop Corp. and AMC Entertainment Holdings Inc., as short sellers have bet against them. Here is an analysis of the challenges and prospects for these businesses. GameStop GameStop is trying to survive a yearslong erosion of its business, which has relied for nearly four decades on people visiting its bricks-and-mortar stores to buy the latest videogames and consoles, as well as to trade in and purchase used games and gear. The company has been stung by mounting competition from retail giants such as Amazon.com Inc. and Walmart Inc., and the advancement of technology that enables people to download games directly from consoles and computers instead of buying hard copies. It has also gone through a period of high executive turnover, with Chief Executive George Sherman a longtime retail executive who