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Video game maker EA bought by Saudi-led group for $55bn

Company acquired in deal involving Affinity Partners, a firm run by Donald Trump’s son-in-law Jared KushnerElectronic Arts, the maker of video games such as The Sims, Madden NFL and Battlefield, has been bought by Saudi Arabia’s wealth fund and a group of investors for $55bn (£41bn).The company announced the completion of the deal on Tuesday […]

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A.I. Companies Shatter Fund-Raising Records, as Boom Accelerates

OpenAI, Anthropic, Waymo and other artificial intelligence companies hauled in $297 billion in funding in the first three months of the year.

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TikTok announces it has finalized deal to establish US entity, sidestepping ban

Majority US-owned venture includes Larry Ellison’s Oracle, private-equity group Silver Lake and Abu Dhabi’s MGXTikTok announced on Thursday that it had closed a deal to establish a new US entity, allowing it to sidestep a ban and ending a long legal battle.The deal finalized by ByteDance, TikTok’s Chinese owner, sets up a majority American-owned venture,

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