Saudi Arabia’s Savvy Games To Acquire Gaming Company Scopely For $4.9 Billion
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Computers Tech Games Crypto Music and More
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Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates storytelling platforms (web novels and webtoons), music, K-pop artists management, and other media (movie and […]
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF by Kate Park originally published on TechCrunch
Analysis of the satellite images by Soar Earth, an Australian startup that aggregates satellite imagery and crowdsourced maps into an online digital atlas, suggests that the workers have already excavated around 26 million cubic meters of earth and rock — 78 times the volume of the world’s tallest building, the Burj Khalifa. Official drone footage of The Line’s construction site, released in October, indeed showed fleets of bulldozers, trucks, and diggers excavating its foundations. Visit The Line’s location on Google Maps and Google Earth, however, and you will see little more than bare rock and sand.
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Saudi Arabia’s bizarre new megacity, “The Line,” is going full steam ahead. While construction began on the project in October, new satellite images have revealed how much ground the project has covered, the scale of the city’s length, and the layout of its construction site.
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