The Saudi Arabia PIF also has significant investments in gaming giants such as Nintendo, Take Two, Activision Blizzard Capcom, Nexon, and Koei Tecmo managed through the Savvy Games Group. In 2023, the PIF backed out of a mulled $2 billion deal for gaming acquisition firm Embracer Group. Ivanka Trump and Jared Kushner on the South...
Published September 27, 2025 Amazon has agreed to make a one-off $2.5 billion payment to settle the U.S. court case in which the online retail giant was accused of deceiving tens of millions of consumers into subscribing to its Prime service. Shutterstock Under the agreement reached between Amazon and the U.S. consumer protection authority (FTC),...
Video game mega-publisher Electronic Arts is planning to take the company private in a deal that could be worth as much as $50 billion, according to reports from The Wall Street Journal, Reuters, and Financial Times. All three outlets cite anonymous sources in reporting that the deal could be announced next week, with Silver Lake,...
President Donald Trump advanced plans for American investors to buy TikTok’s US operations from its Chinese owner ByteDance Ltd., with officials setting a potential value of $14 billion and outlining measures to ensure security of the new venture. In an executive order signed Thursday at the White House, Trump declared that the deal complies with...
Instagram has grown to 3 billion monthly active users, according to announcements by Meta CEO Mark Zuckerberg and Instagram Head Adam Mosseri. This is a notable milestone for the Meta-owned platform, which hit 1 billion users back in 2018. “If you look at the last few years, almost all of our growth has been driven...
We’ve asked Meta if the new Instagram milestone includes users for its X rival Threads, which launched in July 2023 and requires users to sign up using an Instagram or Facebook account. Bloomberg reports that private messaging and Reels short-form video features are Instagram’s biggest growth drivers, and are what the platform is now focusing...