Saudi Arabian games group nears $6bn deal for ByteDance’s Moonton
Savvy Games given war chest of tens of billions of dollars by Public Investment Fund
Related reading
Saudi-owned Scopely strikes $1bn deal for Turkish game developer
Los Angeles-based group is challenging China’s Tencent for leadership of the $100bn mobile games market
Saudi Arabia’s PIF writes $8bn off value of flagship megaprojects
Developments such as futuristic Neom hit by budget overruns and lower oil prices
Middle East’s Amazon rival Noon plans public offering within two years
Saudi Arabia-backed group mulls dual listing as it pushes into autonomous delivery
Saudi Arabia to scale back Neom megaproject
Review expected to propose a significant redesign after years of delays and overruns
TikTok’s Chinese owner plans $23bn AI spend to keep pace with US rivals
ByteDance set to increase capital expenditure next year in effort to further build AI infrastructure
The lingering wealth gap in Saudi Arabia
Vast state spending is driving development, but some regions say the fast-growing capital is getting too much of the money