OpenAI Data Center Chief Chris Malone Exits Ahead of Planned 2027 Listing 
Samsung Shares Tumble 8% as $79 Billion Return Plan Disappoints 
New Zealand Labour Backs Social Media Ban for Under-16s 
Trump Buys SpaceX Shares After Record IPO 
Nvidia Pauses AI Cloud Financing Deals Amid Antitrust Concerns 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
PayPal Shares Sink as $50 Billion Takeover Bid Collapses 
Meta, U.S. States Discuss Settlement in Teen Addiction Trial 
Xiaomi Unveils Xring O3 Chip for Flagship Foldable Phone 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Unitree Shares Plunge 45% After Blockbuster IPO, Raising China Tech Bubble Fears 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
New Zealand Moves to Ban Social Media for Children Under 16 
U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
Countries Tighten Social Media Bans for Children 
Add as a preferred source on Google
On Tuesday, video game maker Activision Blizzard announced that it will be buying King Digital Entertainment. King Digital Entertainment is known for its cult favorite, highly-addicting game Candy Crush. Reuters said the deal, which is pegged at USD5.9 billion, will be the biggest yet in the industry in the last few years.
Activision Blizzard CEO Bobby Kotick said in a statement, “The combined revenues and profits solidify our position as the largest, most profitable standalone company in interactive entertainment. With a combined global network of more than half a billion monthly active users, our potential to reach audiences around the world on the device of their choosing enables us to deliver great games to even bigger audiences than ever before.”
TIME reports that the acquisition was meant to be in order for Activision to cement its position as a leader in the mobile games market. Despite its lucrative franchises like “Call of Duty” and “World of Warcraft,” it hopes to turn its luck around in the mobile market.
