LG could shut down its mobile division after sale talks fell through, Korean publication DongA reports. This comes after a flurry of news reports that the company is mulling the sale of its struggling division to recuperate its losses.
According to the same publication, sale talks between various companies fell through since the selling price was too high for the market share LG commands. Rumors abound that the companies LG was in talks with include the Vietnamese-led VinGroup and Volkswagen.
With sale talks failing, the company is left with no other choice but to shut down its mobile division. DongA further reports that LG has shelved its rollout plans for new smartphones effective this first quarter of 2021. This corroborates the company CEO’s statement way back in January, stating that LG is “considering all possible measures” with regards to its smartphone business.
The company may announce its final decision regarding its mobile division to employees as early as April. It may redistribute its employees to other divisions if the worse comes to light. Meanwhile, work on the rollable phone first seen on CES 2021 will continue but it is now unclear if it will see a commercial launch this year.
LG shutting down its mobile division would likely mark the end for the once-formidable brand that introduced the G-series and V-series smartphones to the world. At its peak, it was one of the top 10 smartphone makers rivaling other manufacturers such as Samsung, Apple, and even the once-mighty Sony. It is now a shadow of its former self, yet continues to command attention with innovative devices like the LG Wing and Velvet.
God of War Ragnarok is Sony’s best-selling exclusive
Based only on its first week
November is a great month for gamers. Because of a few major titles coming out, there are a lot of ways to scratch that gaming itch. A lot of players are happy. None more so than Sony right now. Only a few weeks since its release, God of War Ragnarok has broken Sony’s record for fastest-selling first-party title launch.
Officially confirmed by Sony through its Twitter account, God of War Ragnarok has sold 5.1 million copies only through its first week. With such an impressive showing, the title rushes past Sony’s acclaimed gallery of heavy hitters like Marvel’s Spider-Man, The Last of Us Part II, and even the title’s 2018 predecessor. That’s not a list of who’s who to shrug off.
— PlayStation (@PlayStation) November 23, 2022
Additionally, the sequel is now the best-selling title in its franchise. The series has come a long way since its roots in Greek mythology. Mere weeks since the release, it is already in the conversation for several Game of the Year awards alongside other heavy hitters like Elden Ring.
Not without reason, of course. From our review of the title, the sequel to 2018’s classic is a narrative masterpiece in its own right, deserving of its spot in the oeuvre of Sony’s greatest hits.
SEE ALSO: God of War Ragnarok Review
Netflix is working on its first PC game
It’s a AAA title
Though off to a relatively slow start, Netflix is now a gaming company as well. As of late, the platform included a variety of mobile games in its catalog of content. Every Netflix subscriber can play any of the games. Now, Netflix is working on something else entirely: a game for the PC.
Spotted by Mobilegamer.biz, Netflix has recently posted new job openings for a game director, an art director, and a technical director. All three listings describe a “brand-new AAA PC game” as a project. One listing even describes “one of Netflix’s first generation of internally developed original games.”
Currently, Netflix taps into other game studios to produce titles for them. Aside from a few independent developers, the platform even partnered with Ubisoft for mobile titles. (One of which will be based on the Assassin’s Creed franchise.)
With the listings in place, the company is expanding its efforts to developing its own titles. Right now, the unnamed project doesn’t feature a lot of details. While the project is still looking for a creative director, it’s likely that the plot isn’t finalized either.
Throughout the past year, the company has bled for subscribers. Since then, they have tried various strategies, including potential punishments for account sharing and cheaper subscription tiers.
TikTok is now under investigation by the European Union
For transferring data to China
TikTok has now found its way under the microscope of the European Union. The collective is now investigating the platform for allegedly shipping off its citizens’ data to Chinese servers.
In a letter shared by FCC commissioner Brendan Carr (via Engadget), the current president of the European Commission Ursula von der Leyen has confirmed ongoing investigations concerning TikTok in several countries in the European Union.
For one, Ireland is currently investigating how the platform transfers data to China and how it processes the data of minors. The Netherlands is also investigating the same data transfers and TikTok’s advertising towards minors.
NEW: The President of the European Commission, Ursula von der Leyen, confirms that #TikTok’s data transfers are under investigation & object of several ongoing proceedings.
— Brendan Carr (@BrendanCarrFCC) November 22, 2022
For a while now, the European Union has persistently investigated various tech companies to review their compliance with the continent’s General Data Protection Regulation, which presents a stricter view on data privacy. Various companies have already found themselves on the receiving end of penalties brought down by EU courts.
An investigation on TikTok has been a long time coming. For years, the United States has doggedly hounded TikTok for the same violation of shipping user data to Chinese servers. The company continues to face threats of a ban on foreign soil.
Though an investigation in Europe is just another fight the company must face, it’s nothing to shrug off. Lately, the European Union’s ruling on charging standards is forcing Apple to finally ship their devices with USB-C, instead of the proprietary Lightning cable. The Union, especially when completely united across all the included countries, can very well make an impact on the tech industry.
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