Niantic's $3.5B deal gives Scopely, acquired by Saudi-owned Savvy Games Group in 2023 for $4.9B, a total audience of 500M+ players, driven by Monopoly Go!
Financial Times :
Niantic Labs says it is selling its video game division, including Pokémon Go, to Saudi Arabia-owned developer Scopely for $3.5B, subject to regulatory approval
The $3.5 billion Scopely deal could bring Niantic's AR gaming catalog under Saudi ownership.
Surj, the sporting arm of Saudi Arabia's PIF, plans to invest $1B in DAZN and a new joint venture with the sports streamer; source: Surj will take a <5% stake
SURJ Sports Investment doesn't just invest for the sake of it. Any deal must add value to the Kingdom and align with its sporting ambitions, not just be a strong Matt Slater / @mjshrimper : In the lat...
Saudi digital security firm Elm Company agrees to acquire business services firm Thiqah from Saudi Arabia's PIF, which is also Elm's majority owner, for $906M
Sources: Anthropic has ruled out taking any Saudi money over national security concerns, as investors jostle to buy into FTX's 8% stake that is now worth ~$1B
report RT Watson / The Block : OpenAI rival Anthropic selling FTX stake, but Saudi buyers left out of consideration: report Ananya Mariam Rajesh / Reuters : Anthropic weighs slate of sovereign wealth ...
Saudi Arabian food delivery service Jahez agrees to acquire local rival The Chefz for ~$173M in a cash and stock deal
Saudi food delivery firm Jahez agreed to acquire The Chefz in a cash and stock deal, almost a year after Delivery Hero SE's attempt to buy the firm was thwarted by the local competition watchdog.
Inside Uber's deal with Saudi Arabia, from David Plouffe's first meetings with local officials to the 10%+ stake that, sources say, the kingdom now owns
Even as Uber's lawyers finalized the details of the deal, they still couldn't quite believe it would really happen. Tweets: @natashakhanhk , @khanoisseur , @markmilian , and @dignitydriver Tweets: Nat...
Saudi Prince Alwaleed gradually built up a 2.3% stake in Snap, spending $250M through May 25; he paid ~$11/share as Snap's price bottomed out at $10.50 in May
- Saudi Arabian Prince Alwaleed Bin Talal announced Tuesday he's taken a 2.3% stake in Snap — a deal worth about $250 million.
Sources: Snap in advanced talks to open office in Saudi Arabia; source: content deal with MiSK Foundation is in works to teach Saudi youth how to use Snapchat
CNBC : Thanks: @mattrosoff
Sources: Softbank to sell 25% of UK chip designer ARM, worth about $8B, to SoftBank-led Saudi-backed $100B Vision Fund
Financial Times :