Electronic Arts $55 billion buyout by Saudi PIF and Silver Lake

$55 Billion Takeover: Gaming Powerhouse Electronic Arts Bought Out

ByRubaisha

Electronic Arts, one of the world’s biggest game makers, agreed to be taken private in a blockbuster deal worth roughly $55 billion. The deal is led by private equity and major investors, including Saudi Arabia’s Public Investment Fund (PIF) and Silver Lake. It marks a major consolidation moment for the gaming sector and raises big…

TotalEnergies

Cost-Cutting Drive: TotalEnergies Lowers Capital Spending Outlook by $1 Billion

ByAmna Habib

Global energy markets are facing rapid changes, with fluctuating oil prices, rising renewable investments, and growing concerns about sustainability. In this context, TotalEnergies, one of the world’s leading energy companies, has announced a $1 billion reduction in its capital spending outlook. This move signals a strategic cost-cutting initiative aimed at strengthening its financial position, adapting…

Looms

U.S. Shutdown Looms with Jobs Report and Q3 Data in Focus

ByAmna Habib

As the U.S. economy enters the final quarter of the year, the possibility of a government shutdown looms, sending ripples across the stock market, bond yields, and investor confidence. At the same time, critical data, including the September jobs report and Q3 GDP numbers, will play a decisive role in shaping expectations for the Federal…