Saudi-Backed Consortium Acquires EA in Record $55 Billion Deal
Electronic Arts is going private in a historic $55 billion leveraged buyout backed by Saudi Arabia’s Public Investment Fund and…
Category: Business
Funcom Lays Off Staff Despite Dune: Awakening’s Record Success
Funcom has announced significant staff layoffs despite declaring its survival MMO Dune: Awakening the “biggest release” in the company’s 32-year…
Xbox Game Pass Ultimate Price Increases to $29.99 Monthly
Microsoft has increased the monthly price of Xbox Game Pass Ultimate by 50%, raising the subscription cost from $19.99 to…
Microsoft Appoints Judson Althoff as CEO of Commercial Business Division
Microsoft has appointed Judson Althoff as CEO of its commercial business division, placing him in charge of the company’s primary…
Microsoft Reunites Windows Engineering Teams to Build “Agentic OS”
Microsoft has consolidated its Windows engineering teams under a single leadership structure for the first time since 2018, aiming to…
OpenAI Hits $500B Valuation in Record Private Stock Sale
OpenAI has become the world’s most valuable private company after a $6.6 billion secondary stock sale that values the artificial…
Gusto Acquires Guideline in $600M Deal, Plans Customer Divestment
Gusto has acquired retirement platform Guideline in a $600 million strategic acquisition that reshapes the SMB benefits landscape. The payroll…
Saudi-Led $55B Buyout Puts EA’s Future in Question
Electronic Arts will become a private company in a record-breaking $55 billion leveraged buyout led by Saudi Arabia’s Public Investment…
OpenAI Hits $500 Billion Valuation, Becomes World’s Most Valuable Private Firm
OpenAI has become the world’s most valuable private company with a staggering $500 billion valuation following a $6.6 billion secondary…
AI Job Displacement Lower Than Predicted, New Study Reveals
Artificial intelligence is automating significant portions of American jobs, but widespread displacement predictions may be overblown according to new research…