Velodyne, a leading manufacturer of lidar laser sensors, announced that CEO Anand Gopalan would be stepping down. The news comes as the sensor company has been embroiled in a bitter war between its founder, David Hall, and the company’s board of directors.
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An inside look at how the beloved electric skateboard startup fell apart
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Tencent has announced plans to buy British video game company Sumo Group for $1.27 billion. The Chinese tech giant already has an 8.75-percent stake in the developer, as Gamesindustry.biz reports, and the offer represents a 43-percent premium on Sumo’s current valuation.
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Image: Nintendo
Nintendo has issued an unusual statement denying a report that said the upcoming OLED version of the Switch would have higher profit margins than the regular model. The report in question was published by Bloomberg last week and speculated that the higher-end components in the OLED Switch could total around an extra $10 per unit, based on analyst estimates.
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