‘Pokemon Go' Owner Sells Games to Saudi Group for $3.5 Billion
Saudi sovereign wealth fund-backed Scopely Inc. has agreed to buy Niantic Inc. 's gaming business, including the mobile hit Pokemon Go, for $3.5 billion.
Scopely, which is owned by a unit of the Public Investment Fund of Saudi Arabia, will also acquire Pikmin Bloom and Monster Hunter Now from Niantic, along with the teams working on them, the Saudi company said in a statement on Wednesday, confirming an earlier Bloomberg News report.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 hours ago
- Yahoo
AMD Powers Through Challenges with Robust Data Center Expansion
June 11 - Last month, AMD (NASDAQ:AMD) posted stronger-than-expected quarterly results, beating both EPS and revenue forecasts. The company cited robust demand in its Data Center segment, which saw revenue jump 57% year on year and operating income rise 72%. Warning! GuruFocus has detected 3 Warning Signs with AMD. Management offered upbeat guidance for the next quarter despite lingering macro challenges, including shifting tariffs and trade tensions. The Data Center unit, crucial to AMD's valuation, could exceed $20 billion in revenue for fiscal 2025, driven largely by AI chip sales. At its 2021 peak, AMD shares traded above $150; they're near $123 now, having climbed about 2% year to date. While AMD remains second to NVIDIA Corporation (NASDAQ:NVDA) in AI processors, expanding AI revenue share may boost margins and sentiment. New chip launches continue to draw positive third-party reviews. Analysts project AI chip sales could hit $13$15 billion in 2025, supported by large deals such as a reported $10 billion agreement with a Saudi AI startup. AMD's pricing edge and diversified customers may help narrow the gap with NVDA's leading offerings. Intel Corporation (NASDAQ:INTC) remains a competitor in CPUs, but AMD's growing server market share underpins a higher valuation multiple. The company also unveiled an additional $6 billion share buyback, bringing total authorization to $10 billion. That may support the stock if AI-driven growth persists amid macro uncertainties. Based on the one year price targets offered by 41 analysts, the average target price for Advanced Micro Devices Inc is $129.18 with a high estimate of $200.00 and a low estimate of $95.00. The average target implies a upside of +4.82% from the current price of $123.24. Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc in one year is $165.20, suggesting a upside of +34.05% from the current price of $123.24. This article first appeared on GuruFocus.
Yahoo
12 hours ago
- Yahoo
AMD Powers Through Challenges with Robust Data Center Expansion
June 11 - Last month, AMD (NASDAQ:AMD) posted stronger-than-expected quarterly results, beating both EPS and revenue forecasts. The company cited robust demand in its Data Center segment, which saw revenue jump 57% year on year and operating income rise 72%. Warning! GuruFocus has detected 3 Warning Signs with AMD. Management offered upbeat guidance for the next quarter despite lingering macro challenges, including shifting tariffs and trade tensions. The Data Center unit, crucial to AMD's valuation, could exceed $20 billion in revenue for fiscal 2025, driven largely by AI chip sales. At its 2021 peak, AMD shares traded above $150; they're near $123 now, having climbed about 2% year to date. While AMD remains second to NVIDIA Corporation (NASDAQ:NVDA) in AI processors, expanding AI revenue share may boost margins and sentiment. New chip launches continue to draw positive third-party reviews. Analysts project AI chip sales could hit $13$15 billion in 2025, supported by large deals such as a reported $10 billion agreement with a Saudi AI startup. AMD's pricing edge and diversified customers may help narrow the gap with NVDA's leading offerings. Intel Corporation (NASDAQ:INTC) remains a competitor in CPUs, but AMD's growing server market share underpins a higher valuation multiple. The company also unveiled an additional $6 billion share buyback, bringing total authorization to $10 billion. That may support the stock if AI-driven growth persists amid macro uncertainties. Based on the one year price targets offered by 41 analysts, the average target price for Advanced Micro Devices Inc is $129.18 with a high estimate of $200.00 and a low estimate of $95.00. The average target implies a upside of +4.82% from the current price of $123.24. Based on GuruFocus estimates, the estimated GF Value for Advanced Micro Devices Inc in one year is $165.20, suggesting a upside of +34.05% from the current price of $123.24. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
12 hours ago
- Associated Press
Global Data & AI heavyweights gear up for the Kingdom's premier tech gathering: Smart Data & AI Summit (SDAIS)
BENGALURU, INDIA, June 11, 2025 / / -- Revolutionizing the business landscape in Saudi Arabia, data-driven transformations are enabling long-term viability of regional as well as multinational corporations. Driven by the nation's ambitious economic diversification plans, the non-oil sectors in particular are receiving a motivated push from the government which is also fostering a competitive business environment. In the wake of these developments, global data & AI giants' expansion into the Kingdom is considered strategic as the holy nation is gradually positioning itself as a leader in MENA's digital economy. But here's the most pressing question: how are these giants empowering local Saudi businesses with the right resources to succeed in this evolving phase? More importantly, how are they making an entry into one of today's top-tier data and AI markets? This is where the nation's foremost event, Smart Data & AI Summit (SDAIS) has emerged as a direct gateway providing access to the most influential public and private organisations. Scheduled for 27 – 28 August 2025 at JW Marriott Hotel Riyadh, the platform will play host to over 300 senior data & AI decision-makers from the Kingdom's largest organisations including the reputed state-owned enterprises. These profiles include leading C-suite executives, VPs & Heads of Data Analytics, Directors of AI, Machine Learning & Robotics, Data Scientists, Data Engineers, and many others. Supported by the Kingdom's biggest data management community, DAMA Saudi, the two-day summit will witness the likes of renowned organisations like Snowflake, Converged Generation Communications Company Ltd. (CGC), Denodo, Ejada, Strategy, Protiviti, Alteryx, Techmango, Ab Initio, trustangle, Reachware, Assembly, Iron Mountain, CodeNinja and ManageEngine. These organisations will be taking centre stage to showcase the most advanced solutions across a wide range of domains including but not limited to Advanced Analytics, Customer Behaviour Analytics, Data Engineering, Artificial Intelligence, Machine Learning, Data Warehousing, Predictive Analytics and Enterprise Data Management. While the Kingdom of Saudi Arabia is constantly striving to support tech innovation via a plethora of national initiatives including regulatory reforms, investment incentives and the establishment of tech-focused economic zones, the platform has aligned its agenda to champion the above whilst shedding light on the hottest industry trends, strategies and cutting-edge topics. From Unified Data Cloud Architectures, Data Mesh to Generative AI and AI-powered Analytics, a broad range of topics will be covered by the most prominent thought leaders, industry luminaries and technology moguls. Some of the top names include: • Mohamed Abdelsadig - Data Analytics and Excellence Director, STC • Ulysses Demos - Sr. Director Data Management and Protection Office, Red Sea Global • Haniah Alanazi - Director of Data Management & Monetization office, Saudi Electricity Company • Turki Binsalamah - Executive Director for National Strategy, Saudi Authority for Intellectual Property • Nawaf Alghamdi - Director - Data Analytics & AI, Council of Health Insurance • Mushtaq Ahmed Barood - Digital Strategy & Enterprise Architecture Director, Saudi Post | SPL • Conor Roche - Director - Entertainment & Culture, NEOM Furthermore, the event is arriving at a very critical juncture, especially when the country has projected a historic CAGR of 30.04% for data analytics all the way to 2032 along with the recent announcement of a $100 billion AI initiative, Project Transcendence. As Saudi Arabia races ahead in digital transformation, the Smart Data & AI Summit 2025 is set to be the defining stage for visionaries, technology icons, and decision-makers to connect, collaborate and shape the future of data in the Kingdom. For more information about the event, log on to: Media contact: Shrinkhal Sharad PR & Communication Lead [email protected] + (91) 80 6166 4401 Tradepass About Tradepass Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers. As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth. Shrinkhal Sharad Tradepass +918061664401 ext. [email protected] Visit us on social media: LinkedIn Instagram Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
