Tags Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Previous ArticleAT&T head: new approaches to boost performanceNext ArticleNTT Docomo targets 150Mb/s LTE Deutsche Telekom eyes 5G, fibre lead Deutsche TelekomEEFinancialFrance Telecom Steve Costello AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 MAY 2013 Home DT finance head puts £10B price tag on EE Operators back Qualcomm role in open RAN path Deutsche Telekom mooted a value of £10 billion for EE, its UK joint venture with France Telecom, noting that a partial listing is its preferred option of the business in the future.According to Reuters, Timotheus Hottges, CFO of the company, told a shareholder meeting that “such a process needs good timing”.“We need to wait for the right moment to place such a huge amount on the market,” he said.The future ownership structure of EE has been in the spotlight for some months, with it reported last month that France Telecom had appointed banks to advise on its options for its 50 per cent stake.According to speculation earlier this year, Deutsche Telekom and France Telecom could jointly sell 25 per cent of EE, meaning they will retain a joint 75 per cent share. Such a transaction could net them each more than £1 billion.In an interview with Mobile World Live earlier this year, Olaf Swantee, CEO of EE, said that interest in the company in terms of an IPO or private equity acquisition has been “enormous”, although he added that the JV structure “has been very successful to date”.Hottges is set to take over as CEO of Deutsche Telekom when Rene Obermann, the incumbent, stands down later this year. Deutsche Telekom, SoftBank tipped for T-Mobile trade Related Author
Epic acquires Rad Game ToolsUnreal Engine maker picks up company behind Bink, Oodle, Telemetry, and moreBrendan SinclairManaging EditorThursday 7th January 2021Share this article Recommend Tweet ShareCompanies in this articleEpic GamesRAD Game ToolsEpic Games today announced that it has acquired Rad Game Tools.The Kirkland, Washington-based outfit offers a variety of programs for game developers, including the Bink video codec, Oodle data compression, and Telemetry performance visualization.”Members of the Rad team will partner closely with Epic’s rendering, animation, insights, and audio teams, integrating key tech and improvements across Unreal Engine and beyond,” Epic said.”Rad and Epic combining forces will allow even more developers access to tools that make their games load and download faster, and offer their players a better, higher quality video and gaming experience.”Despite the acquisition, Rad will continue working with companies beyond Epic, whether they are using Unreal Engine or not.Rad was founded in 1988 and also has a Japanese office established in 2008. Its products have been used in nearly 25,000 games.Related JobsSenior Build Engineer – AAA Studio – Yorkshire UK & Europe Big Planet3D Artist – Mobile Studio – Midlands UK & Europe Big PlanetProducer Indie Game Studio France UK & Europe Big PlanetDiscover more jobs in games Terms of the acquisition were not disclosed.The Rad deal continues a busy stretch for Epic on the acquisition front. Since the beginning of 2019, Epic has acquired 3Lateral, Agog Labs, Psyonix, Twinmotion, Houseparty, Quixel, Cubic Motion, Hyprsense, and SuperAwesome to its ranks.Earlier this week it also acquired a shopping mall in North Carolina to serve as its future headquarters.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Daily Update and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesEpic Games claims Fortnite is at “full penetration” on consoleAsserts that mobile with the biggest growth potential as it fights for restoration to iOS App StoreBy James Batchelor 2 hours agoSony’s cross-play deal seems a smart solution to a complex problem | OpinionThe royalty Sony and Epic agreed to open up cross-play on PlayStation has caused anger – but it’s a nuanced response to the growing complexity of the industry’s revenue modelsBy Rob Fahey 4 days agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.