EA Finalizes $55B Buyout; CEO Unveils New Leadership Team
Electronic Arts has closed its $55 billion acquisition, with Saudi Arabia's PIF as the majority owner. The CEO announced senior leadership changes to steer the company forward.
Tech Companies
News and updates about major technology companies and startups.
Articles in this category
SpaceX Sets Sights on T-Mobile, AT&T, and Verizon Customers
SpaceX plans to build a terrestrial mobile network to compete directly with major US carriers, aiming to attract a significant number of their subscribers.
Walmart Finalizes Acquisition of Vibe.co to Boost Connected TV Advertising
Walmart has completed its acquisition of Vibe.co, integrating the TV advertising company into Walmart Connect to enhance its connected TV ad platform.
BMW's In-Car Spider-Man Ad: A Villainous Move?
BMW is showing Spider-Man movie ads on car dashboards, sparking backlash. The campaign runs from July 27 to August 10 as part of a Marvel partnership.
Apple Expands Trade Secrets Probe: More Ex-Employees May Have Shared Data with OpenAI
Apple's legal battle with OpenAI intensifies as new court filings suggest more former employees may have retained confidential information.
Waymo Opens Dallas Robotaxi Service to All Riders
Waymo has removed the waitlist for its autonomous taxi service in Dallas, marking a major step in expanding its self-driving technology across the U.S., U.K., and Europe.
Telegram CEO Claims Extortionist Planted CSAM to Get App Removed from App Store
Pavel Durov says an extortionist planted child sexual abuse material in a public chat, leading Apple to temporarily remove Telegram from the App Store without prior notice.
EA Goes Private in Historic $55 Billion Deal
Electronic Arts is now a private company after a $55 billion buyout led by Saudi Arabia's PIF, Silver Lake, and Affinity Partners, marking the largest leveraged buyout ever.
Roblox's Reported User Numbers Could Trigger EU Social Media Regulation
Roblox may become the first game classified as a Very Large Online Platform under EU rules, facing stricter content moderation and transparency requirements.
Lucid's Turnaround Strategy: $1.4B Savings and Robotaxis
Lucid's new CEO outlines a turnaround plan focused on launching a midsize EV, completing a Saudi factory, cutting costs, and developing robotaxis.