Friday, March 20, 2026

Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, a source says for $6B; ByteDance bought Moonton for $4B in 2021 (Bloomberg)

Bloomberg:
Memo: ByteDance agrees to sell gaming unit Moonton to Savvy Games, owned by Saudi Arabia's PIF, a source says for $6B; ByteDance bought Moonton for $4B in 2021  —  ByteDance Ltd. has agreed to sell games unit Moonton to Savvy Games Group for $6 billion, unloading a gaming studio it acquired …



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How AI gutted Kenya's essay-writing industry, which at its peak paid 40,000+ people in Nairobi to do overseas students' homework, leaving few paths back to work (New York Times)

New York Times : How AI gutted Kenya's essay-writing industry, which at its peak paid 40,000+ people in Nairobi to do overseas studen...