• EA's 'Ultimate Team' Generates $3,000 USD Per Minute

    27 days ago - By Hypebeast

    According to reports , Electronic Arts made $1.62 billion USD to its various Ultimate Team modes in its EA Sports games. Breaking down the staggering earnings, EA generated $3,000 USD per minute from the sale of its FUT packs with a substantial amount coming from FIFA 21. Over the last few years, Ultimate Team has increasingly become a major part of EA's business with the popular mode accounting for 29 percent of the developer's net revenue for 2021. Ultimate Team modes are centered around loot boxes that have been criticized for being a form of gambling tied to a pay-to-win system...
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  • Volkswagen Reportedly Rejected $9.2 Billion USD Investor Offer to Purchase Lamborghini

    Volkswagen Reportedly Rejected $9.2 Billion USD Investor Offer to Purchase Lamborghini

    27 days ago - By Hypebeast

    The Volkswagen Group has reportedly turned down an offer from investors to purchase Lamborghini for $9.2 billion USD. According to a new report from WardsAuto , sources close to the matter have revealed that a non-binding offer was made by the Swiss-Anglo investor Quantum Group SA to purchase Lamborghini for €7.5 billion EUR from Audi. The proposed plan would retain all of the automaker's management staff as well as current employees for at least five years, and see the construction of a new Advanced Automotive Innovation Center in Germany to focus on developing battery cells and packs...
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