CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight 
Paramount-Warner Bros. Merger Delayed Until 2027 Amid Antitrust Lawsuit 
Wall Street Ends Mixed as Fed Decision, Earnings and Tariffs Keep Investors on Edge 
RBA Signals More Rate Hikes Possible as Australia Battles Stubborn Inflation 
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns 
ASML, Applied Materials Slide as China DUV Chip Equipment Breakthrough Sparks Market Jitters 
Coca-Cola Raises Diet Coke Prices in India as Iran Conflict Disrupts Can Supply 
US Dollar Posts Best Weekly Gain in Over a Month as Middle East Tensions Boost Safe-Haven Demand 
Uber Stock Falls as Waymo Plans to End Robotaxi Partnership by 2028 
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth. 
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs 
OpenAI AI Agent Reportedly Breached Hugging Face, Raising AI Safety Concerns 
South Korean Chip Stocks Plunge as AI Spending Concerns and China Competition Shake Market 
Trump Says No Decision on Major Iran Strikes as U.S.-Tehran Talks Intensify 
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits 
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy 
India to Continue U.S. Trade Talks After Trump Imposes 10% Import Tariff 
Epic Games reportedly offered a stunning $200 million to Sony so it can bring its games to its store. This information was revealed while the “Fortnite” game developer is in the middle of a court battle with Apple.
Epic Games’ offer to Sony revealed in documents
Apple and Epic Games are facing off in court for the antitrust case filed by the latter. During the trial, many details were divulged and it was said that insight into the video game publisher’s inner workings was revealed. Divulging them seems critical to the case as it is considered pieces of evidence from third parties such as Sony and Microsoft.
As per The Washington Post, these documents gave clarity on Sony’s Xbox’s finances as well as PlayStation’s dealings with Epic. It was mentioned that some of the details that were dropped during the trial have already been known to experts and avid followers of the gaming industry, it is exposing more information to the audience and some of the details were really surprising.
Public documents from the trial provide what had been discussed and revealed behind closed doors and one of the most interesting discoveries was Epic Games’ attempt to make a deal with Sony for PlayStation Store exclusives worth $200 million.
What the negotiation is about
Epic Games attempted to strike a deal with Sony to post its PlayStation exclusive games on its Epic Games Store. It is negotiating for four to six first-party exclusives and this took place last year.
ResetEra got a hold of the information that was already deleted and published it last weekend. It can be seen in the document that the deal is being discussed and at this time, its status is “still awaiting feedback.”
It was added that the $200 million is guaranteed for Sony regardless of commercial performance. However, it should be noted that Sony has not agreed to anything yet.
Meanwhile, Epic Games and Apple are in the court and the outcome of this trial is expected to forever affect how the app store operates. If it will be a win for the former then it would just prove that the Tim Cook-led company has been collecting excessive fees from app developers that are selling through the App Store.
