SYDNEY, AUSTRALIA: Fanatics, a sports platform company, has agreed to acquire PointsBet, a sports betting company, in a deal worth $150 million in cash. The acquisition will give Fanatics access to PointsBet’s U.S. operations, which include licenses in 15 states. Fanatics is a privately held company with a valuation of $31 billion. The company has…
Aristocrat Leisure Limited to acquire NeoGames in $1.2 billion deal
SYDNEY, AUSTRALIA: Aristocrat Leisure Limited (ASX: ALL), a global gaming company, announced today that it has agreed to acquire NeoGames S.A. (NASDAQ: NGMS) for $29.50 per share in cash. The deal, which is valued at approximately $1.2 billion, is expected to close in the second half of 2023. NeoGames is a leading provider of end-to-end…
ONEOK to buy Magellan Midstream Partners in $18.8 billion deal
ONEOK Inc agreed on Sunday to buy U.S. pipeline operator Magellan Midstream Partners in a cash-and-stock deal valued at about $18.8 billion including debt, bringing natural gas-focused ONEOK into transporting refined products and oil. ONEOK will pay $25 and 0.6670 shares of ONEOK common stock for each outstanding Magellan common unit, representing a premium of…
Toys R Us CEO Louis Mittoni resigns
SYDNEY, AUSTRALIA: Digital-first e-commence direct-to-consumer retailer, Toys”R”Us ANZ Limited (ASX:TOY) announced the resignation of Louis Mittoni as Group CEO and Managing Director. Louis will focus on key international market and technology projects in our ANZ & UK licensed territories over the coming six months. Louis is the Founder of Mittoni Pty Ltd and the ecommerce…
How AI is Revolutionizing Investment Management
If you are an investor, you may have heard of artificial intelligence (AI) and how it is transforming the financial services industry. But what exactly is AI and how is it changing the way investors manage their money? AI is a branch of computer science that aims to create machines and systems that can perform…
Hertz to Go Electric, Plans 25% EV Fleet by 2024
Hertz, the world’s largest rental car company, is going electric. The company plans to have 25% of its 500,000 vehicle fleet be electric by the end of 2024, up from 10 percent now. Hertz has already made deals to buy 330,000 electric vehicles from Tesla, Polestar, and General Motors. The first GM vehicles are beginning…
Samsung to build new chip facility in Japan amid regional rivalry
Samsung Electronics, the world’s largest memory chip maker, has announced plans to build a new chip development facility in Yokohama, Japan, in a bid to boost its technological edge and foster cooperation with Japanese chip firms amid rising competition from China and Taiwan. The South Korean tech giant will invest over JPY 300 billion (around…
What is the difference between ChatGPT, Bing AI and Google Bard?
A chatbot is a computer program that simulates human conversation through text or voice. They are used in a variety of settings, including customer service, marketing, and education. Chatbots are needed because they can provide 24/7 customer service, answer questions quickly and accurately, and personalize the customer experience. Here are some of the benefits of…
Air Arabia to Connect Sharjah and Bangkok with Low-Cost Direct Flights
Air Arabia, a budget airline based in the United Arab Emirates, has announced its plans to launch daily flights between Sharjah International Airport and Bangkok Suvarnabhumi International Airport starting from June 30th. This marks the airline’s entry into the Thai market and adds to its network of more than 170 destinations. The route will be…
The Dos And Don’ts Of Investing In Gold You Need To Know About
Throughout history, gold has been the long-preferred form of payment, from ancient cultures to the current day. Buyers acquire gold for all kinds of reasons. Whether it’s protection from political upheaval and hyperinflation, or to convert into huge sums of cash later down the line, those looking to invest in gold need to listen up!…
Going Green: How Organic Farming is Changing the Game
Organic farming has become increasingly popular in recent years, as more and more people become aware of the benefits of sustainable agriculture. Organic farming is a method of growing crops and raising animals without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs). Instead, organic farmers rely on natural methods like crop rotation,…
ABHI becomes first fintech in MENAP region to issue Islamic bonds
KARACHI, PAKISTAN: ABHI, a leading embedded finance platform in the Middle East, North Africa and Pakistan (MENAP) region, has announced that it has issued Islamic bonds worth PKR 2 billion (US$7.1 million), making it the first Fintech in the region to do so. The Islamic bonds, also known as Sukuk, are financial instruments that comply…