Sources

Sources: Savvy Gaming Group, backed by the Saudi Arabian government's Public Investment Fund, acquires esports companies ESL and FACEIT for a combined $1.5B (Kevin Hitt/Sports Business Journal)

Kevin Hitt / Sports Business Journal: Sources: Savvy Gaming Group, backed by the Saudi Arabian government’s Public Investment Fund, acquires esports companies ESL and FACEIT for a combined $1.5B  —  Savvy Gaming Group, which is backed by the Saudi Arabian government’s Public Investment Fund, has bought two of video gaming’s … Source link

Sources: Apple is readying the widest array of new hardware products in its history this fall; Joe Bass, head of software engineering for Apple's car team left (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Sources: Apple is readying the widest array of new hardware products in its history this fall; Joe Bass, head of software engineering for Apple’s car team left  —  Apple Inc. is nearing its first launch event of the year, with a new iPhone SE and iPad on tap. Source link

IBM to sell part of Watson Health, including image software offerings and extensive data sets, to private equity firm Francisco Partners, sources say for $1B+ (Bloomberg)

Bloomberg: IBM to sell part of Watson Health, including image software offerings and extensive data sets, to private equity firm Francisco Partners, sources say for $1B+  —  International Business Machines Corp. agreed to sell part of its IBM Watson Health business to private equity firm Francisco Partners … Source link

Sources: ByteDance revenue grew by 70% YoY to around $58B in 2021, slower than a year earlier when its revenue grew by 100%+ to $34.3B (Reuters)

Reuters: Sources: ByteDance revenue grew by 70% YoY to around $58B in 2021, slower than a year earlier when its revenue grew by 100%+ to $34.3B  —  TikTok owner ByteDance saw its total revenue grow by 70% year on year to around $58 billion in 2021, according to two people familiar with the matter … …

Sources: ByteDance revenue grew by 70% YoY to around $58B in 2021, slower than a year earlier when its revenue grew by 100%+ to $34.3B (Reuters) Read More »

Sources: TikTok ousted its marketing chief Nick Tran after he went "rogue" with plans like TikTok Kitchen, NFTs by Lil Nas X and others, and TikTok Resumes (Lydia Moynihan/New York Post)

Lydia Moynihan / New York Post: Sources: TikTok ousted its marketing chief Nick Tran after he went “rogue” with plans like TikTok Kitchen, NFTs by Lil Nas X and others, and TikTok Resumes  —  TikTok’s marketing chief has been ousted after blindsiding top management with a series of increasingly bizarre campaigns, The Post has learned. …

Sources: TikTok ousted its marketing chief Nick Tran after he went "rogue" with plans like TikTok Kitchen, NFTs by Lil Nas X and others, and TikTok Resumes (Lydia Moynihan/New York Post) Read More »

Sources: Google's AR headset will be powered by a custom processor, resemble ski goggles, and won't require a tethered connection to an external power source (Alex Heath/The Verge)

Alex Heath / The Verge: Sources: Google’s AR headset will be powered by a custom processor, resemble ski goggles, and won’t require a tethered connection to an external power source  —  Meta may be the loudest company building AR and VR hardware.  Microsoft has HoloLens.  Apple is working on something, too. Source link

Sources: China will require large internet companies that have 100M+ users or $1.58B+ in revenue to obtain an approval before undertaking any investment deals (Reuters)

Reuters: Sources: China will require large internet companies that have 100M+ users or $1.58B+ in revenue to obtain an approval before undertaking any investment deals  —  China’s cyberspace regulator has drafted new guidelines that will require the country’s large internet companies to obtain … Source link

Sources: Activision Blizzard tried to find other interested buyers, including Meta, as it weighed a potential Microsoft takeover after WSJ's exposé in November (Bloomberg)

Bloomberg: Sources: Activision Blizzard tried to find other interested buyers, including Meta, as it weighed a potential Microsoft takeover after WSJ’s exposé in November  —  Late last year, as Activision Blizzard Inc. and Chief Executive Officer Bobby Kotick were reeling from accusations … Source link

Sources: the US government is reviewing Alibaba's cloud business to determine potential national security risks, including how it stores US clients' data (Alexandra Alper/Reuters)

Alexandra Alper / Reuters: Sources: the US government is reviewing Alibaba’s cloud business to determine potential national security risks, including how it stores US clients’ data  —  The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to U.S. national security … Source link

Sources: Activision Blizzard has fired or pushed out over 36+ and disciplined ~40 others since July, after allegations of sexual harassment and other misconduct (Kirsten Grind/Wall Street Journal)

Kirsten Grind / Wall Street Journal: Sources: Activision Blizzard has fired or pushed out over 36+ and disciplined ~40 others since July, after allegations of sexual harassment and other misconduct  —  Company’s actions have come in the wake of pressure from investors, business partners and employees to address complaints over its handling of misconduct issues …

Sources: Activision Blizzard has fired or pushed out over 36+ and disciplined ~40 others since July, after allegations of sexual harassment and other misconduct (Kirsten Grind/Wall Street Journal) Read More »

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