The Saudi Arabian government’s Public Investment Fund (PIF) has reportedly acquired a five percent stake in game developer and publisher Nintendo. The $500bn (~£403bn) fund said it purchased the stake for ‘investment purposes’, according to a filing to Japan’s Finance Ministry reported by Bloomberg. Nintendo’s headquarters in Kyoto, Japan. The PIF is Saudi Arabia’s sovereign […]
Esports betting and entertainment company Esports Entertainment Group (EEG) has announced that it will revise its current portfolio of assets following liquidity concerns. During EEG’s Q3 2022 fiscal year financial report, which ended 31st March 2022, the company announced a $38.6m (~£30.87m) impairment charge related to its esports assets Helix, ggCircuit and EGL. Image credit: […]
Since 1958, 50 of the 65 No. 1 overall picks in the NBA Draft went to college and competed in the NCAA tournament, including some of the greatest players in basketball history — Kareem, Magic, Shaq and more. Watch March Madness highlights from all 50 top picks throughout history here.Source
