AirNet Entered into Equity Purchase Framework Agreement with BitGeek Information Technology Co., Ltd.

BEIJING, Sept. 30, 2020 /PRNewswire/ — AirNet Technology Inc., formerly known as AirMedia Group Inc. (“AirNet” or the “Company”) (Nasdaq: ANTE), an in-flight solution provider on connectivity, entertainment, and digital multimedia in China, today announced that it has entered into an equity purchase framework agreement (the “Agreement”) with BitGeek Information Technology Co., Ltd. (“BitGeek”) and BitGeek’s shareholders, independent third parties of the Company, to purchase 100% of the equity interests in BitGeek with an issuance of ordinary shares of the Company to BitGeek’s shareholders. Details pertaining to the purchase will be further discussed and stipulated in a binding agreement among the parties after completion of the valuation of BitGeek.

Mr. Herman Guo, the Chairman and CEO of the Company, commented “The acquisition of the equity interest in BitGeek will align the Company with the swift advancements of the blockchain technology as well as equipment specifically designed

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Your next big smartphone purchase could come with a hefty price tag

The global smartphone average selling price (ASP) rose by 10% during the second quarter as  lower sales of cheaper handsets, the resilience of the premium segment, and demand for 5G devices helped offset the wider issues caused by thecCoronavirus pandemic.

Lockdown measures have limited economic activity worldwide, with consumers unable or unwilling to make certain purchases. Sales of mid-range and low-range handsets were hit particularly hard as a large proportion of these take place on the high street.

Counterpoint Research says the industry recorded its lowest ever quarterly shipment decline of 23% however total revenues only fell by 15% as consumers bought more expensive devices.  

Smartphone price rise

Industry ASP has been rising over the past few years due to market saturation and the increasing cost of flagship devices, but Covid-19 has added additional variables that have accelerated this trend.

Shipments of premium smartphones only fell by 8% with Apple

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SOS Ltd. Announces Clarification of Purchase Price in the Asset Injection with YBT/SOS

QINGDAO, China, Sept. 22, 2020 /PRNewswire/ — SOS Limited (the “Company”) (NYSE: SOS) is issuing this press release to clarify its press release dated May 6, 2020.

As announced in the Company’s press release dated May 6, 2020 (the “Press Release”), the Company entered into a set of agreements on May 5, 2020 with Yong Bao Two Ltd. (“YBT”), the shareholders of YBT (the “YBT Shareholders”), eight investors introduced by YBT (the “Purchasers,” collectively with the YBT Shareholders, the “Investors”) and True North Financial, LLC (“True North,” collectively, the “Parties”). The set of Agreements included the Tripartite Agreement (the “Tripartite Agreement”), the Assumption Agreement (the “Assumption Agreement”) and the Share Purchase Agreement (the “Share Purchase Agreement,” collectively, the “Agreements”). The per share purchase price for the transaction contemplated by the Agreements was $1.36 per ADS, or $0.136 per ordinary share of the Company.

On May 31, 2020,

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What Microsoft’s $7.5B purchase of Bethesda parent ZeniMax means for Xbox Series X

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Microsoft’s making more investments in its Xbox gaming franchise.


James Martin/CNET

Microsoft’s Xbox team significantly expanded its list of game development studios on Monday, announcing the purchase of ZeniMax Media for $7.5 billion in cash. The entertainment company owns several industry-leading game developers, including Bethesda Softworks, the maker of the post-apocalyptic Fallout games and the fantasy series The Elder Scrolls. It also owns Id Software, known for its Doom, Rage and Wolfenstein shooting game franchises.

The move grows the number of in-house Xbox game development studios to 23, up from 15 earlier, giving it control of some of the game industry’s most popular franchises. Microsoft also plans to run Bethesda as its own division, with leadership and structure intact. 

“As a proven game developer and publisher, Bethesda has

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