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William D'Angelo
published 6 hours ago / 851 views
According to a report by Saudi Arabia's Public Investment Fund (PIF), there is a lack of funds for new investments. New York Times.
PIF has several projects experiencing financial difficulties. This includes a ski resort, a cruise line, a coffee chain and an electric vehicle startup that has yet to produce a car.
New York Times sources say PIF restructuring of its activities, and the prince fired the head of at least one of his projects. The company is also said to be looking to invest more in areas such as publicly traded stocks.
PIF together with more than investment firms, acquired Electronic Arts plans to take the game publisher private for $55 billion in September. The deal is expected to close in the first quarter of 2027 and is subject to regulatory and EA shareholder approval.
Eternal and avid gamer, William D'Angelo was first introduced by VGChartz in 2007. After several years of supporting the site, he was hired as a junior analyst in 2010, worked his way up to lead analyst in 2012, and took over equipment evaluation in 2017. He expanded his involvement in the gaming community by creating content himself. YouTube channel And Twitch channel. You can subscribe to the author on bluesky.
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