| Mobile Web

Search results for convertible bonds

Games & Commerce

Kakao Games eyes turnaround with management shake-up and new game push ahead of new top shareholder

Kakao Games is moving to replace its management ahead of a change in its largest shareholder from Kakao to an investment vehicle funded by Line Yahoo. The company plans to appoint two internal directors who are expected to become co-CEOs and to name a non-executive director from Petrico Partners. It also outlined five new game releases from the third quarter through year-end as it seeks a turnaround after six consecutive quarterly losses.

Crypto

Bitcoin shaken by Strategy-driven selling fears, road back above $70,000 tough

Bitcoin has fallen about 21 percent in 10 days, retesting $61,000 for the first time in four months, amid market unease after Strategy paused purchases while buying back some corporate bonds. The focus is on tightening funding at a key buyer rather than the price drop itself. Strategy has raised funds through preferred stock but cash has declined. Analysts say there is no immediate forced-selling risk, though the prospect of selling could weigh on prices.