Stephen Totilo / Axios:
Saudi Arabia’s Savvy Gaming Group says it plans to invest $37.8B in gaming to expand the kingdom’s role in the sector, including $18B for minority investments — Saudi Arabia’s government-funded gaming conglomerate The Savvy Gaming Group will invest $37.8 billion in gaming as part …
Stephen Totilo / Axios:
US lawmakers press top game companies about how they assess and mitigate risks of extremist behavior, after an ADL study finds extremism rising in online gaming — – “We are writing to better understand the processes you have in place to handle player reports of harassment and extremism encounters …
Stephen Totilo / Axios:
US lawmakers press top game companies about how they assess and mitigate risks of extremist behavior, after an ADL study finds extremism rising in online gaming — – “We are writing to better understand the processes you have in place to handle player reports of harassment and extremism encounters …
Sara Fischer / Axios:
Sources: LLC’s tied to crypto news site The Block’s CEO secretly received $43M in Alameda loans, used in part to acquire and run the site; CEO has now resigned — The Block, a media company that says it covers crypto news independently, has been secretly funded for over a year with money funneled …
TechCrunch:
Indian conglomerate Vedanta and Foxconn sign a $20B deal to build a semiconductor unit in the coastal Gujarat state, home to Prime Minister Narendra Modi — Indian oil-to-metals conglomerate Vedanta and global manufacturing giant Foxconn have signed a memorandum of understanding …
Meg Shen / Reuters:
Foxconn’s Xingwei agrees to sell its entire stake in embattled Chinese chip conglomerate Tsinghua Unigroup for ~$771.79M — Taiwan’s Foxconn (2317.TW), the world’s largest contract electronics maker, said on Friday its subsidiary in China has agreed to sell entire equity stake in embattled Chinese chip conglomerate Tsinghua Unigroup.
Dan Primack / Axios:
Sources: Google Ventures has shelved its algorithm that for years had served as a gatekeeper for new investments — Google Ventures has mothballed an algorithm that for years had served as a gatekeeper for new investments, Axios has learned from multiple sources.
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