Sony to sell online gaming division to US game company for  bil.

Sony to sell online gaming division to US game company for $1 bil.

Sony Group Corp. said Tuesday an online gaming division under the wing of its U.S. unit Sony Pictures Entertainment Inc. will be sold to American mobile game company Scopely Inc. for $1 billion. Sony Pictures Entertainment decided to sell GSN Games Inc., known for its free-to-play mobile and online casino games, given that the gaming […]

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Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Tokyo-based Abeja announced that it has formed a capital and business alliance with Japanese insurance giant Sompo Holdings (TSE:8630). Sompo acquired 21.9% of the outstanding shares from Abeja’s five existing shareholders: INCJ, Salesforce.com, Mizuho Capital Mitsubishi UFJ Capital, and Itochu (TSE:8001). The startup became an affiliate of the insurance conglomerate. Founded in September of 2012, […]

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