Sterling Plunge Leaves FTSE 100 Giants Exposed To US Predators

"Savvy Games Group is one part of our ambitious strategy aiming to make Saudi Arabia the ultimate global hub for the pkv games and esports sector by 2030," Crown Prince Mohammed bin Salman said, according to SPA.

Another 20 billion riyals will be invested in mature industry partners who bring expertise to Savvy's portfolio and 2 billion riyals will target industry disruptors "to grow early-stage games and esports companies."

"We are harnessing the untapped potential across the esports and games sector to diversify our economy, drive innovation in the sector and further scale the entertainment and esports competition offerings across the Kingdom."

'We'll make an assessment from [the CCTV] but, obviously, we're on the back foot from the beginning because we didn't have the initial complaint at the time it occurred, which would have been my preference,' he said. 

tates. On a recent weekday evening at the foot of the Brooklyn Bridge, dozens of players ranging from thirty-somethings to retirees shared the four new courts at Brooklyn Bridge Park, which recently replaced the bocce ba

ions Elon Musk asked a US judge Thursday to suspend Twitter's lawsuit over their troubled takeover negotiations after the embattled social media company balked at the Tesla's chief's demand to freeze the l

Graham Simpson from Canaccord said that as the UK stares down 'the barrel of a recession', bidders will be looking for firms with strong cash flows, high profit margins and low debt that could 'weather the inflation and interest rates storm'.

The investments will include 70 billion riyals to take several minority stakes in companies that support Savvy's game development agenda and 50 billion riyals to acquire "a leading game publisher to become a strategic development partner".

It has five independent subsidiaries, including esports arm EFG, as well as Nine66, which "is building an ecosystem for game developers and studios", and VOV company, which is building gaming and competition venues. ($1 = 3.7580 riyals) (Reporting by Ahmed Tolba and Enas Alashray in Cairo; writing by Yousef Saba in Dubai; editing by David Evans, Alexandra Hudson)

He added: 'Private equity may struggle to raise finance. This is why we believe we will also see a potential wave of corporate mergers and acquisitions. UK valuations were very attractive even before the dramatic fall in sterling.' 

Sept 29 (Reuters) - Saudi Arabia's Savvy Games Group, owned by sovereign wealth fund PIF, will invest 142 billion riyals ($37.8 billion) in initiatives aimed at making the kingdom a global hub for gaming, state news agency SPA said on Thursday.

come. Major League Pickleball announced this week it's joining forces with NBA phenom LeBron James, who is purchasing a team as part of an ownership group that includes fellow basketball champions Draymond Green and K

ector. "It's been absolutely crazy, how much it's taken off. And a lot of that is because we were able to get bigger sponsors and broadcast partners involved," Johns said, citing CBS, NBC and Botdb.win ABC among the networks and the car rental company Hertz a

brand. And with the already announced takeover of the PPA Tour by the private investment firm founded by businessman Tom Dundon -- who already owns the Carolina Hurricanes ice hockey team -- Johns vows future partners in the world of alcohol and gamblin

Vodafone could be attractive to a US buyer, the source added. 'Darktrace has been battered since it went public, so it would make sense, and Vodafone could happen at some point. Though Vodafone is very big and very political - it would be a US buyer coming in, if anybody did.' 

ation. Musk's request comes two days after he revived his takeover plan. The unpredictable billionaire's July withdrawal from the $44-billion transaction prompted Twitter to sue Musk over breach of contract in a Delaw

Blue chip firms including gambling group Entain, packaging company DS Smith and telecoms behemoths BT and Vodafone are all now vulnerable to foreign corporate raiders, according to experts at broker Canaccord Genuity. 

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