billion

Why Would Microsoft Want to Buy Discord for $10 Billion?

A recent report from Bloomberg suggests that Microsoft is interested in acquiring instant messaging and digital distribution platform Discord for the stunning rumored price of nearly $10 billion. If we allow ourselves to move past the standalone absurdity of that figure, the question becomes “Is Discord really worth that much?” The answer to that question ultimately requires you to properly analyze a lot of figures that are quite frankly too boring to even dream of extensively debating, but if we’re just talking about Microsoft and Discord as video game companies, then it actually makes quite a bit of sense for…
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AMC Theatres Plans to Fully Reopen in July, After Reporting $2.2 Billion COVID-19 Loss

If there’s any industry that can make it through social distancing restrictions, it’s the theater business, says AMC Entertainment Holdings Inc. CEO Adam Aron. Although the 2020 fiscal year started strongly with earnings up nearly 10 percent compared to 2019, the theater chain’s revenue plunged after coronavirus-related social distancing guidelines forced all theaters to close on March 17. AMC reported a loss of $2.2 billion in the first quarter of 2020. In spite of bankruptcy concerns and “substantial doubt” the chain will be “a going concern,” the company plans to fully reopen worldwide in July, according to Deadline. “These are…
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