Good news for fans of creepy, atmospheric games: Playdead is bringing its hit platformers Limbo and Inside to Nintendo Switch June 28th. Both were already available to play on the go, as they’re on iOS (Limbo is on the Google Play Store too). But if…
Facebook is testing Group subscriptions, which will allow Group admins to charge for exclusive content. Only a few will have access to the feature as of now, but they’ll be able to set up a separate, subscriber-only Group and charge members a monthly…
Disney recently made a $52.4 billion stock-based bid to acquire 21st Century Fox’s film and TV assets. The latter’s board of directors was set to vote on the bid come July 10th. Things got a bit interesting last week when Comcast jumped into the fray and made a higher all-cash bid of almost $65 billion for the company. It was reported that Disney would enter a bidding war with Comcast and now it has because Disney has increased its bid for Fox to $71.3 billion.
Disney’s previous bid valued Fox’s assets at about $28 per share while it’s amended of values it at $38 per share which amounts to almost $71.3 billion. It’s also being more flexible in addition to increasing the per share value.
Disney is now going to allow shareholders of 21st Century Fox to decide if they want a chunk of the sale in the form of Disney stock or cash but it will be a 50/50 proration. This move is meant to counter the all-cash offer made by Comcast which on the face of it may seem more appealing to shareholders.
Fox’s board of directors has decided to postpone the July 10th meeting so that shareholders have more time to consider Disney’s new bid. The meeting will take place at an unannounced date in the future. The additional time will also give Comcast a chance to decide whether or not it wants to counter with an even higher offer.
Disney Increases Fox Bid To $71.3 Billion , original content from Ubergizmo. Read our Copyrights and terms of use.
Instagram reportedly wants to take on YouTube and has developed a new video hub called IGTV that it’s expected to launch later today. The report mentions that IGTV is going to be part of the Explore tab in the Instagram app and will feature videos that will be significantly longer than the 1-minute maximum videos that Instagram currently allows. The maximum time limit for IGTV videos is said to be 60 minutes.
TechCrunch reports that Instagram has met with online content creators in a bid to encourage them to create longer videos for Instagram. It’s apparently looking to tap into the vlogging niche which largely exists on YouTube. Enabling creators to post videos of up 60 minutes will provide them with another avenue for vlogging.
It’s not going the Snapchat route by inking content deals with publishers and TV studios. Instagram seems be relying on online content creators who are already used to creating this style of content and have built up significant fanbases on Instagram as it is.
The Facebook-owned company hasn’t confirmed or denied anything at this point in time but it’s expected to make an announcement in a couple of hours so it may not be long before we find out for sure what it has been working on.
Instagram May Launch Dedicated Video Hub today , original content from Ubergizmo. Read our Copyrights and terms of use.
Porsche has made no secret of the fact that it wants to make high performance electric sports car. The company has already detailed a concept that it’s working on and just recently, it teased its electric Mission E sports car. To further highlight its commitment to the cause, Porsche has announced that it’s teaming up with Rimac, a manufacturer of electric supercars. Porsche now has a minority stake of 10 percent in the company.
Porsche has said that the purpose of this investment is a development partnership with the young company. Rimac produces components for electric cars as well as electric supercars.
Rimac recently showcased the latest version of its electric hypercar, the “C Two,” at the Geneva Motor Show in March 2018. The car produces close to 2,000 hp with a top speed of 412 kilometers per hour.
With a range of 650 kilometres, the car is capable of achieving an 80 percent battery charge in 30 minutes with its 250 kW fast charging system. The company also manufactures high-performance electric vehicle powertrain systems and battery systems which will certainly help Porsche as it looks to develop its own lineup of high performance electric sports cars.
Lutz Meschke, Porsche Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT, said that Porsche hopes to “enter into close collaboration with the company in the form of a development partnership.”
Porsche Takes Minority Stake In Electric Supercar Maker Rimac , original content from Ubergizmo. Read our Copyrights and terms of use.
“It was jarring to see in the middle of the night,” Spectrum NY1 reporter Josh Robin said.
The first donation of $250,000 goes to the Crisis Text Line.
In “Everything Is Love,” the couple is at once vulnerable and subversive.
A song of the summer, if we ever heard one.
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