Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
Category: Saudi Arabia
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Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.
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Trump Meets With Tiger Woods About Merging PGA Tour with LIV Golf
The president has been agitating recently to repair the divide between the PGA Tour and LIV Golf that has shadowed professional golf for several years.
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A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.
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What to Know About the Trump Family’s Deals in the Middle East
The region has become a hot spot for the family’s business. Jared Kushner, the president’s son-in-law, noted last year that “Gaza’s waterfront property could be very valuable.”
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Saudi Arabia and Sports Network DAZN Close to Deal
A unit of the kingdom’s sovereign wealth fund would pay more than $1 billion to buy into DAZN, in the latest sign of its sports ambitions.
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OpenAI Courts Trump With Vision for ‘A.I. in America’
The maker of ChatGPT hopes to spur investment from the Middle East and avoid strict regulations on the development of new technologies.
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Saudi Arabia May Partner With UFC Owner TKO to Create Boxing League
A company owned by the country’s sovereign wealth fund is poised to team up with TKO, which owns Ultimate Fighting Championship, the kingdom’s latest foray into pro sports.
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Germany Searches for Motives in Christmas Market Attack
The authorities said they were struggling to understand the motives behind ramming a car into a Christmas market in the eastern city of Magdeburg, which left a 9-year-old boy among the five dead.
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Saudi Arabia and Russia Block Mention of Fossil Fuel Exit in Climate Resolution
A handful of oil-producing nations ensured that a United Nations General Assembly resolution on climate change steered clear of a call to transition away from fossil fuels.
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At a Glitzy Saudi Investment Forum, Almost No Mention of War
Saudi Arabia and its Gulf neighbors are seeking to reassure foreign investors that it’s still safe to do business amid the turmoil around the Mideast.