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Apple and Google sued for not removing ‘copied’ game.

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Game developer Ubisoft has sued both Apple and Google for not removing a game from their respective app stores. According to a report in Bloomberg the publisher has sued the tech giants for selling the game ‘Area F2’ that it claim is a “near carbon copy” of ‘Tom Clancy’s Rainbow Six: Siege.’

Ubisoft said it informed both Apple and Google about the copyright violations, however, both have so far refused to pull out ‘Area F2’ from their online stores.
‘Area F2′ has been developed by Chinese company Alibaba’s digital entertainment company Ejoy. The game is listed on Apple’s App Store and Google Play Store by developer Qookka Games.
Area F2’, created by Alibaba Group Holdings Ltd’s Ejoy.com,is a “near carbon copy” of Rainbow Six: Siege, and that can’t be “seriously be disputed,” Ubisoft said in a complaint filed in a federal court in Los Angeles last week. The lawsuit said that ‘Rainbow Six: Siege’ is among the most popular competitive multiplayer games in the world, and is among Ubisoft’s most valuable intellectual properties. “Virtually every aspect of AF2 is copied from R6S, from the operator selection screen to the final scoring screen, and everything in between,” it further added.
In the lawsuit, Ubisoft claimed that the game has 55 million registered players around the world, with more than 3 million players everyday. As per Bloomberg report, the game was made available to the public on tablets and smartphones in April.
Surprisingly, Ubisoft has sued Apple and Google for selling the game ‘Area F2’ and not Alibaba’s Qookka Games for the initial copyright infringment.

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New York-based General Atlantic to invest Rs 3,675 crore in Reliance retail ventures.

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Reliance Industries Limited and Reliance Retail Ventures Limited (RRVL) on Wednesday announced that General Atlantic, a leading global growth equity firm, will invest Rs 3,675 crore into RRVL, a subsidiary of Reliance Industries. This investment values Reliance Retail at a pre-money equity value of Rs 4.285 lakh crore. General Atlantic’s investment will translate into a 0.84% equity stake in RRVL on a fully diluted basis.

This marks the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.

Mukesh Ambani, Chairman and Managing Director of Reliance Industries, said, “I am pleased to extend our relationship with General Atlantic as we work towards empowering both merchants and consumers alike, and ultimately transforming Indian Retail. Like Reliance Retail, General Atlantic believes in the fundamental ability of digital enablement to drive progress, growth, and inclusion across India and the world. We look forward to leveraging General Atlantic’s extensive expertise at the intersection of technology and consumer businesses, and two decades of experience investing in India, as we create a disruptive New Commerce platform to redefine retail in the country.”

Bill Ford, Chief Executive Officer of General Atlantic, said, “General Atlantic is thrilled to be backing Mukesh’s New Commerce mission to drive substantial positive change in the country’s retail sector, which goes hand-in-hand with his vision to enable a Digital India through the work of Jio Platforms. General Atlantic shares Reliance Industries’ foundational belief in the power of technology to foster transformative growth, and we are excited by the immense potential of the full Reliance ecosystem. We are honored to again be partnering with the Reliance team to meaningfully accelerate India’s position in the global digital economy.”

On September 23, global investment firm KKR announced to invest Rs 5,550 crore into RRVL. The investment by KKR will translate into a 1.28 per cent equity stake in RRVL.

RRVL is a subsidiary of Reliance Industries Limited and holding company of all the retail companies under the RIL Group. RRVL reported a consolidated turnover of Rs 162,936 crore ($ 21.7 billion) and net profit of Rs 5,448 crore ($ 726.4 million) for the year ended March 31, 2020.

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