Saudi PIF to Buy Mobile Gaming Company Scopely for Nearly $5 Billion
Savvy Games Group, a gaming investment company owned by the $620 billion Saudi sovereign wealth fund, has agreed to buy the maker of games such as "Scrabble Go."
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Recent Editions
Bob Lee, MobileCoin Exec and Cash App Founder, Killed in San Francisco
Lee was 43 years old.
Startup Funding Fell 53% in First Quarter
Global startups raised $76 billion in the first quarter, a 53% decline from the same period last year, according to Crunchbase data.
Amazon and Microsoft’s Cloud Units Face U.K. Scrutiny
The communications watchdog said practices that make it difficult for companies to use multiple cloud providers could be reducing competition in the space
Founder of Frank, Which Was Bought by JPMorgan, Charged With Fraud
SEC files lawsuit alleging 31-year-old Frank founder Charlie Javice deceived JPMorgan.
JPMorgan’s Dimon Criticizes Regulatory Response to SVB Collapse
CEO says that even if a globally important bank failed, JPMorgan "would be okay.”
Blockchain Startup LayerZero’s Valuation Triples to $3 Billion in New Funding
The company landed a $1 billion valuation in its last funding round roughly one year ago.
Virgin Orbit Files For Chapter 11 Bankruptcy
The small satellite rocket launcher is still looking for a buyer.
Klaviyo Hires Bankers, Targeting IPO This Year
The marketing software company could be one of the first major debuts to help revive the IPO market.
Saudi Arabia Says It Funded Andreessen, Coatue, Iconiq, Insight and 35 Other VCs
A Saudi investment firm disclosed it is a limited partner in 39 tech investors.
Dogecoin Jumps Over 30% After Twitter Replaces Bird Logo With Doge Meme
Musk is facing a $258 billion suit from dogecoin investors that have accused him of running a pyramid scheme to promote the token.
Online Bulk Grocery Seller Boxed Files For Bankruptcy
Boxed is the latest sign of the difficulties facing grocery delivery companies, which boomed during the pandemic.
Bakkt Completes Deal for Apex Crypto
The deal will cost Bakkt $55 million in cash, plus stock over the next three years based on the financial performance of Apex Crypto.
Endeavor To Buy WWE and Merge It With UFC to Form New Company
Endeavor has acquired a controlling stake in WWE and plans to combine it with the UFC, which it already owns, to form a new public company.
China Launches Cybersecurity Probe into U.S. Chip Maker Micron Technology
The chip sector has become a critical battleground for Washington and Beijing in the two nations’ broader race for technological supremacy.
Instacart Boosts Its Valuation 18%, Mirroring Stock Market Bounce
Other private tech companies could similarly boost their common stock prices.
Tesla First Quarter Car Deliveries Rise 36%
Elon Musk's electric vehicle maker showed a significantly lower growth rate than it did a year earlier as the weak economy hurt sales.
Twitter Releases Part of Its Ranking Source Code
The code, though incomplete, provides some insight into how Twitter’s “For You” page works, including how it has changed under Elon Musk.
Meta Tells Managers to Temporarily Stop Hiring Remote Workers
The company’s directive coincides with a growing desire among tech executives to boost office attendance.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy