Unlocking the Fortune: Public Gaming Giants Hoard Mind-Blowing $45 Billion Cash Stash, Reveals Konvoy

October 20, 2023

According to a report from venture capital firm Konvoy, publicly listed gaming companies, including Activision Blizzard, Electronic Arts, Nintendo, and others, currently hold a staggering $45.1 billion in cash and cash equivalents. This substantial cash reserve could potentially lead to further consolidation within the $188 billion video games industry. The report also highlights that gaming …

US Senate Demands Transparency into Saudi Arabia’s Golf Agreement: Get the Inside Scoop Now!

September 14, 2023

The US Senate Subpoenas Saudi Arabian Public Investment Fund’s US Subsidiary over Controversial PGA-LIV Merger The US Senate has issued a subpoena to the US subsidiary of Saudi Arabia’s Public Investment Fund (PIF) for additional information regarding the contentious merger between rival golf tournaments PGA and LIV. The Senate’s permanent subcommittee on investigations has demanded …

SEDG, AMD, SBUX: Noteworthy Stock Movements in After-Hours Trading

August 4, 2023

An intriguing sight in Germantown, New York, on July 17, 2023, as elf complexion sponges are organized. Photograph by Gabby Jones for Bloomberg/Getty Images Discover the notable companies in the spotlight after hours. SolarEdge Technologies — The solar stock experienced an 11% drop in extended trading. SolarEdge missed revenue expectations in the second quarter, recording …

Saudi Arabia’s Public Investment Fund: A Closer Look at Its Investment Portfolio

July 11, 2023

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is actively involved in both the public and private markets in the United States. Unlike other US funds, PIF is not required to disclose its holdings in these markets. However, during the recent PGA-LIV merger hearings, a previously undisclosed list of PIF’s top public equity …