PIF EYES EA-SAVVY GAMES MERGER TO CONSOLIDATE GAMING
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Saudi Arabia's Public Investment Fund is considering merging Electronic Arts with Savvy Games Group to better coordinate its gaming portfolio, according to sources. The move would wait until Savvy closes its $6 billion acquisition of Moonton Games.
■ MORE FROM THE BUSINESS DESK
A federal judge dismissed lawsuits against LinkedIn over its scanning of Chrome browser extensions, ruling plaintiffs failed to demonstrate an actual privacy violation.
Oracle's cloud computing division outperformed analyst expectations, driven by strong demand for AI data center projects. The results validate the company's aggressive investment strategy in artificial intelligence infrastructure.
South Korea is enforcing revised espionage legislation this weekend to protect semiconductor technology from Chinese competitors. The law targets industrial espionage threats to Samsung Electronics and SK Hynix, the nation's dominant chipmakers.
Chipmaker Altera, backed by Silver Lake and Intel, is preparing to confidentially file for an IPO in coming weeks. The offering could raise over $2 billion with a potential listing as early as this year.