Saudi’s Savvy to Acquire Moonton from ByteDance in USD 6B Deal
ByteDance is exiting gaming to focus on AI, selling Moonton to Saudi-backed Savvy, which continues to expand its global gaming and esports footprint.
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NTT Data buys AWS partner Zero&One to boost Mideast cloud growth
NTT Data has acquired Dubai-based AWS partner Zero&One to strengthen its cloud and AI capabilities in the Middle East, positioning itself to capture growing regional demand for cloud migration, data analytics, and AI-driven digital transformation.
Consulting HAUS guides Snoonu through $245mln acquisition, marking Qatar’s first billion-riyal tech exit
Consulting HAUS guided Snoonu through its $245 million acquisition by Jahez, valuing the Qatari startup above QAR 1 billion and delivering Qatar’s first billion-riyal tech exit. The deal sets a national benchmark, underscores Qatar’s rise as a tech hub, and accelerates Snoonu’s regional growth ambitions.
Jahez International to Acquire 76.56% Stake in Qatar’s Snoonu for $245 Million
Jahez International acquires 76.56% of Qatar’s Snoonu for $245M, marking Snoonu as Qatar’s first startup valued over QAR 1 billion. The deal advances Jahez’s regional expansion and supports Snoonu’s growth and innovation plans.
Saudi Arabia’s GO Telecom Acquires Majority Stake in Ejad Tech to Expand Business Portfolio
GO Telecom completed a SAR 86.7 million acquisition of a 51% stake in Ejad Tech, enhancing its IT services and digital transformation capabilities as part of its business expansion strategy.
Al Ansari Financial Services Acquires BFC Group Holdings, Strengthening Its Regional Leadership in Financial Services
Al Ansari Financial Services has completed its $200 million acquisition of BFC Group Holdings, expanding its market leadership in the Gulf region. The acquisition increases its customer base by 29% and branch network by 60%, while enhancing its digital and AI capabilities to further strengthen its position in financial services.
e& PPF Telecom Acquires 100% Stake in Serbia Broadband for EUR 825 Million
e& PPF Telecom has acquired a 100% stake in Serbia Broadband (SBB) for EUR 825 million ($891 million), funded through secured debt. The acquisition expands e&’s footprint in Central and Eastern Europe, diversifying revenue sources, and will see the integration of SBB with its Serbian mobile subsidiary, Yettel.
e& Achieves Revenue Growth of Dh5.5 Billion, Driving Strong Profits and Expanding into New Markets
e& reported a Dh5.5 billion revenue increase, reaching Dh59.2 billion for 2024, driven by strong growth in its telecom and digital sectors. The company also posted a 4.3% profit rise to Dh10.7 billion and confirmed an 825 million euro acquisition of a Serbian broadband and cable TV provider.
e& PPF Telecom Acquires SBB Operations, Strengthening European Expansion
e& PPF Telecom has acquired SBB’s operations in Serbia for €825 million, focusing on cable TV and broadband services. The acquisition strengthens e&’s European expansion strategy, adding to its Yettel brand. Meanwhile, United Group retains its media assets and refocuses on EU markets for growth.
Power International Holding Completes Acquisition of Mobile Telecom-Service (MTS) in Kazakhstan
Power International Holding has acquired a 100% stake in Mobile Telecom-Service (MTS) from Kazakhtelecom, enhancing its position in Kazakhstan’s growing telecom sector. The acquisition includes prominent brands Altel and Tele2, reinforcing MTS’s role in providing 5G connectivity and digital services in the country.