Snapchat has been valued at $10 billion (£6 billion) by a leading Silicon Valley investment firm.
The valuation puts the picture messaging service in the same league as the likes of Dropbox and Airbnb, according to the Wall Street Journal.
Kleiner Perkins Caufield & Byers, an early backer of Google and Amazon, agreed to invest $10 million in Snapchat after completing its valuation of the company.
The news comes after Snapchat reportedly hit the milestone of 100 million users, around half that of Facebook-owned rival Instagram.
The messaging app is believed to have been the subject of a failed $3 billion bid by the world's largest social network earlier this year.
However, Facebook went on to acquire another Snapchat competitor, messaging service WhatsApp.
Apple's rumoured 12.9-inch iPad Pro is on course for release next year, a report suggests.
The Cupertino firm has been working on a larger version of its popular tablet for more than a year, according to Bloomberg.
Apple's new slate, which would measure in at 3 inches larger than the current iPad Air if the rumours prove accurate, is expected to enter production in early 2015.
The news organisation's sources also claim that the iPad Air 2 and the next iteration of the iPad Mini will arrive in time for the Christmas season.
Apple recently entered a business partnership with computing giant IBM, a move that could pave the way for a larger iPad geared towards professionals.
If the company's past release schedule is anything to go by, we will see new iPad hardware around October, off the back of an iPhone unveiling next month.
Star Wars characters could debut in Disney Infinity 2.0 next year, Avalanche Software has teased.
Asked by Newsarama for any future teasers, Avalanche Software CEO John Blackburn and executive producer John Vignocchi loosely referenced the opening of Star Wars.
"We can talk about the future, but that's far, far away," said Blackburn, to which Vignocchi replied: "2015 is not so far, far away anymore, is it?"
The beginning of each Star Wars movie opens with a line containing the words: "In a galaxy far, far away."
Star Wars and Marvel characters and Play Sets were tipped for Disney Infinity 2.0 prior to its announcement, but only Marvel characters have been confirmed.
Elsewhere, Vignocchi said that his favourite female Disney character would appear in the sequel and would be announced at a later date.
Disney Infinity 2.0 launches on September 19 in Europe and September 23 in North America. An alternative bundle featuring Disney characters will be released November,
A Guardians of the Galaxy Play Set was recently announced for the game, while Aladdin and Princess Jasmine were unveiled as new characters.
Shigeru Miyamoto has suggested that Nintendo is once again targeting the hardcore gamer.
Speaking to Edge, the Nintendo developer said that the company no longer needs to "expand the gaming population" thanks to the rise of smartphones and tablets.
"Fortunately, because of the spread of smart devices, people take games for granted now.
"It's a good thing for us, because we do not have to worry about making games something that are relevant to general people's daily lives."
He also criticised passive gamers who make no attempt to challenge themselves.
"[These are] the sort of people who, for example, might want to watch a movie. They might want to go to Disneyland," he continued.
"Their attitude is, 'OK, I am the customer. You are supposed to entertain me'. It's kind of a passive attitude they're taking, and to me it's kind of a pathetic thing.
"They do not know how interesting it is if you move one step further and try to challenge yourself [with more advanced games]."
During the same interview, Miyamoto revealed that Nintendo held "heated debates" about whether to make Mario the lead character in upcoming shooter Splatoon.
Assassin's Creed Unity has been given a delay by Ubisoft.
The latest instalment in the action-adventure series will release two weeks later than originally scheduled, arriving on November 13 in Europe and November 11 in North America.
"As we got close to the finish, we realised we were near the target but still needed a bit more time to hone some of the details to make sure Assassin's Creed Unity is exceptional," said senior producer Vincent Pontbriand.
"We sincerely appreciate players' commitment to the game and their patience. It's just a couple more weeks. And it's going to be worth it."
Meanwhile, Assassin's Creed Rogue has been pushed back to November 13 in Europe, but retains its November 11 release date in North America.
Ditching competitive multiplayer, groups of players will instead be able to form brotherhoods to assassinate targets using a combination of distraction and combat as part of the campaign.
Ubisoft recently released an 11-minute gameplay video, demonstrating new modified missions, parkour and stealth abilities.
Aug 29 2014
This week's postponed PSN maintenance will take place later today (August 28), Sony has announced.
The PlayStation Network will be taken offline at 4pm UK time until 5am Friday morning (August 29).
The PlayStation Store, Home and Account Management will be unavailable during the offline period.
Users who have signed into PSN since August 23, however, will be able to play games online and access apps such as Netflix during maintenance.
Sony will use the downtime to deploy a series of "back-end improvements" to the network.
The maintenance was originally scheduled to take place on Monday, August 25, but was postponed after a DDoS attack on the PSN servers.
As a result of the attack, PSN was offline for large parts of Sunday (August 24).
Pokken Tournament, the newly-revealed fighting game set in the Pokemon universe, won't feature Tekken fighters.
Characters from Bandai Namco Games' flagship fighting game franchise will be excluded from the upcoming arcade title, according to producer Katsuhiro Harada.
"Nope, Tekken characters will not be making an appearance," Harada said on Twitter (via EventHubs).
"As we're making a Pokemon fighting action battle game, I've already touched on this while on the livestream, but in this game there will not be a high/mid/low guard system mechanic."
He added: "Instead, we're planning to include a new type of [mechanic]."
The Pokemon Company teased Pokken Tournament last week as a "shocking" new game in the franchise.
The game will be released in 2015 on Japanese arcades, with no console versions announced.
Saints Row developer Volition will unveil its new project later this week, it has been announced.
The developer will host a session at PAX Prime in Seattle on Friday, August 29 at 6pm UK time.
Hosted by Kinzie voice actor Natalie Lander, the event has been described as a "quiz show hour".
Volition will show "exclusive gameplay, art, and details for an upcoming project" as the panel reaches its conclusion.
The presence of a Saints Row cast member has led to speculation that the fifth game will be announced.
Other panel members include Volition creative director Steve Jaros, producer Jim Boone and Deep Silver brand director Aubrey Norris.
Saints Row 4, which sees the head of the gang elected as president and fight off an alien invasion, is out now on Xbox 360, PS3 and PC.
Twitch was targeted by hackers following the announcement that Amazon is to acquire the gaming video network.
The streaming platform was briefly taken offline after being hit by a denial of service attack courtesy of the Lizzard Squad, the same group responsible for the latest PlayStation Network hack.
It is unclear why Amazon's buyout has seen Twitch fall victim to a cyber attack, with reports suggesting that the organisation responsible objects to the commercialisation of the platform.
Amazon paid £585 million for Twitch, which was expected to be acquired by Google earlier this year.
The games streaming service recently implemented a new system under which copyrighted audio will be muted.
It also removed its 'save forever' option to increase default rolling storage for past broadcasts from 72 hours to a maximum of 14 days.
Lindsay Lohan has been accused of seeking publicity with her GTA 5 lawsuit.
The Mean Girls actress filed a lawsuit against Take Two and Rockstar Games earlier this year.
Lawyers representing Lohan claim that the character of Lacey Jonas is an "unequivocal" reference to the actress.
Lohan also claims her image, voice and styles from her clothing line are used in the game, as well as a previous home of hers.
According to The AP, lawyers representing the video game have suggested that the lawsuit was "filed for publicity purposes".
Describing the case as frivolous, the gaming firm want it dropped and for Lohan to pay their legal fees.
GTA 5 will make its PS4, Xbox One and PC debut later this year. The game has been tipped for a November release by online retailer GameSeek.