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Playtika to Acquire SuperPlay in $1.95 Billion Deal, Expanding Game Portfolio

Playtika, a creator of mobile games, revealed on Wednesday that it will buy rival SuperPlay in a transaction that may fetch up to $1.95 billion. With

Playtika, a creator of mobile games, revealed on Wednesday that it will buy rival SuperPlay in a transaction that may fetch up to $1.95 billion. With the acquisition, Playtika will now own wellknown titles, including Dice Dreams and Bingo Blitz. A $700 million down payment is part of the agreement, and up to $1.25 billion in further consideration may be paid if SuperPlay meets specific financial goals over the following three years. Playtika is scheduled to update its yearly estimates during its thirdquarter results conference. The acquisition is anticipated to finalise in the fourth quarter. Israel serves as the home base for both businesses. Read More..

B2B Tech News | 1 months ago          

Dangote Refinery Begins Domestic Gasoline Sales NNPC as Sole Purchaser

The stateowned NNPC is the only buyer of domestic petrol from Nigerias 650,000 b/d Dangote refinery. With a crudeforgasoline exchange scheduled to sta

The stateowned NNPC is the only buyer of domestic petrol from Nigerias 650,000 b/d Dangote refinery. With a crudeforgasoline exchange scheduled to start in October and be paid in naira, NNPC is paying in US dollars for September supplies. Gasolines exrefinery price is $736/tonne, or 898.78 naira/litre $0.55/l. In contrast, its retail price in Lagos is N950.22/l, resulting from recent price increases brought on by a reduction in government subsidies. Fuel prices are discussed directly between parties by the Petroleum Industry Act. Over the weekend, the refinery produced 16 million litres, although it is now running below its daily output of 57 million. With NNPC beginning to deliver 385,000 barrels per day of oil next month, entire operations are anticipated by October or November. Other purchasers will have access to diesel. Read More..

B2B Tech News | 1 months ago          

Indonesias Parliament Approves $237 Billion Budget for 2025 with Key Social Initiatives

The Indonesian parliament passed the first budget of Presidentelect Prabowo Subianto for 2025 on Thursday. It allocated 3,621.3 trillion rupiah $237 b

The Indonesian parliament passed the first budget of Presidentelect Prabowo Subianto for 2025 on Thursday. It allocated 3,621.3 trillion rupiah $237 billion and was anticipated to have a fiscal deficit of 2.53% of GDP. The budget sets a revenue target of 3,005.1 trillion rupiah and predicts a 5.2% economic growth rate, a slight increase from the expected 5.1% expected for 2024. A 71 trillion rupiah free lunch program for kids is one of the budgets main priorities. Other plans include funding free health exams, building hospitals, remodelling schools and implementing food security measures. Read More..

B2B Tech News | 1 months ago          

Analog Devices and Tata Group Forge Partnership for Semiconductor Manufacturing in India

Analoge Devices ADI stated on Wednesday that the Tata Group and ADI had agreed to investigate semiconductor production in India. To build Indias first

Analoge Devices ADI stated on Wednesday that the Tata Group and ADI had agreed to investigate semiconductor production in India. To build Indias first semiconductor production factory in Gujarat and a chip assembly and testing plant in Assam, Tata Electronics, a division of the Tata group, is investing $14 billion. The deal aims to maximise these facilities to produce ADIs semiconductor goods. This program bolsters Prime Minister Narendra Modis goal of making India a centre for semiconductors worldwide. Related news includes Larsen & Toubros plans to build an automobile chip facility and the $10 billion investment by the Adani Group and Israels Tower Semiconductor in a semiconductor project in Maharashtra. Read More..

B2B Tech News | 1 months ago          

UK Government and FCA Unveil Consumer Composite Investments CCIs for Retail Disclosure Reform

On Thursday, the Financial Conduct Authority FCA and the British government revealed their intentions to change the retail disclosure laws in the UK a

On Thursday, the Financial Conduct Authority FCA and the British government revealed their intentions to change the retail disclosure laws in the UK and implement a brandnew system known as Consumer Composite Investments CCIs. The goal of the changes, which are scheduled to go into effect next year, is to offer "more tailored and flexible rules" to solve issues with the present disclosure obligations, especially concerning expenses. During the transition, investment trusts will also have a temporary exemption from several obligations of EUintegrated legislation. The goal of the revision is to make the regulatory environment better and more transparent for average investors. Read More..

B2B Tech News | 1 months ago          

Discord Unveils DAVE New EndtoEnd Encryption for Audio and Video Calls

Discord has introduced a new endtoend encryption mechanism dubbed DAVE for audio and video communications. This feature would protect its 200 million

Discord has introduced a new endtoend encryption mechanism dubbed DAVE for audio and video communications. This feature would protect its 200 million monthly users voice channels, Go Live streaming, Group DMs, and direct messages DMs. Through participantonly access to the discussion and encryption keys that change when a user ends a call, DAVE seeks to provide privacy, transparency, and scalability. Next year, further client support for the protocol—which uses industrystandard encryption algorithms—should be available for Discords desktop and mobile clients. By comparing the verification codes outofband, users may confirm the state of encryption. Call encryption will default to transportonly if one of the participants does not support DAVE. Discord promises that there wont be any impact on the low latency of voice and video conversations. Read More..

B2B Tech News | 1 months ago          

Lenovo to Produce AI Servers in India with New Puducherry Plant and Bengaluru R&D Lab

Chinas Lenovo Group has created a specialised AI R&D lab in Bengaluru and announced plans to develop artificial intelligence servers at its Puducherry

Chinas Lenovo Group has created a specialised AI R&D lab in Bengaluru and announced plans to develop artificial intelligence servers at its Puducherry facility in southern India. At the Puducherry factory, Lenovo plans to produce 2,400 GPU servers and 50,000 AI rack servers yearly for local and international markets. The new R&D labs goal is to advance AI technology however, information on funding and staffing was kept private. Lenovos plan to increase its AI hardware capabilities in response to rising worldwide demand—expected to reach $380 billion by 2027—is reflected in this move. This project continues a trend of big giants like Apple and Dell expanding their production facilities in India to lessen their dependency on China. Read More..

B2B Tech News | 1 months ago          

India Launches AIDriven IP Tools to Revolutionize Trademark and Patent Processes

Two AI and MLpowered technologies have been introduced by Union Minister of Commerce and Industry Piyush Goyal to improve Indias intellectual property

Two AI and MLpowered technologies have been introduced by Union Minister of Commerce and Industry Piyush Goyal to improve Indias intellectual property management system. These technologies, unveiled in New Delhi, are intended to speed up and enhance trademark searches and approvals. Advanced trademark search technology, which may support Indian languages for broader accessibility, would speed up and improve the accuracy of trademark applications and dispute settlements. Furthermore, consumers will receive realtime support from the IP Saarthi Chatbot when navigating trademark and patent procedures. The government has also promised an 80% decrease in patent costs for MSMEs, startups, womenowned businesses, and educational institutions to encourage innovation. These programs demonstrate the nations dedication to modernising its intellectual property services and fostering international innovation. They align with Prime Minister Narendra Modis goal of a "Viksit Bharat" by 2047. Read More..

B2B Tech News | 1 months ago          



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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