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Saudi Takeover of EA in $55 Billion Deal Raises Serious Concerns

1 month ago
BrianFagioli writes: Electronic Arts has agreed to a $55 billion buyout by Saudi Arabia's Public Investment Fund (PIF), private equity firm Silver Lake, and Jared Kushner's Affinity Partners, marking the largest all-cash sponsor take-private deal ever. Shareholders will receive $210 per share, a 25 percent premium over EA's unaffected price, and once the transaction closes the company will be delisted from public markets. EA CEO Andrew Wilson will remain in charge, with the group arguing that private ownership will allow the publisher to innovate faster and expand its global footprint. The deal, however, is already sparking controversy. PIF, a sovereign wealth fund controlled by the Saudi government, will effectively gain control of one of the most influential names in gaming. While investors stand to profit, many gamers and industry watchers are concerned about how Saudi ownership could shape EA's creative direction, monetization strategies, and role in esports. With regulatory approvals still pending, the takeover raises difficult questions about the intersection of gaming, politics, and global soft power.

Read more of this story at Slashdot.

msmash

MythWorx Mashes Up Neuromorphic And GenAI To Take On Model Giants

1 month ago

There is constant chatter surrounding the promise of generative AI, agentic AI, and – eventually – artificial general intelligence, but the need for the massive, expensive, high-density compute and the datacenters to wrap around them and the juice to feed them are incredible, particularly with models OpenAI GPT-4, Alibaba’s Qwen-3, Moonshot AI’s Kimi K2, xAI’s Grok4, and Amazon’s Olympus all cresting the trillion-parameter mark and aiming higher. …

MythWorx Mashes Up Neuromorphic And GenAI To Take On Model Giants was written by Jeffrey Burt at The Next Platform.

Jeffrey Burt

Google's dev registration plan 'will end the F-Droid project'

1 month ago
Open source Android app store cannot exist if Google's plans go ahead, says F-Droid board member

The F-Droid project, which distributes open source apps for Android, will end if Google goes ahead with its plans to enforce developer registration for app installation, according to the project's board member Marc Prud'hommeaux.…

Tim Anderson

EU member states pile pressure on Brussels for Chips Act rethink

1 month ago
Semicon Coalition presses European Commission for stronger funding, strategy, and skills drive

Momentum is gathering behind calls for a Chips Act 2.0 to strengthen Europe's competitiveness in the semiconductor sector amid growing geopolitical uncertainty over global markets and supply chains.…

Dan Robinson