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Supported By
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Good morning!
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Today, tech giants are eyeing big video game makers. From South Africa to Finland, the founders that will be smiling to the bank are the ones whose companies have changed the game in the game's world (pun intended).
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Sega has staked a $776 million bid to buy Angry Birds maker, Rovio Entertainment. In South Africa, the Competition Commission has given Microsoft permission to acquire Activision Blizzard, the games company valued at $70 billion.
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Meanwhile, protest has engulfed the ride-hailing world in Nigeria. Some members of the Amalgamated Union of App-based Transport Workers of Nigeria, the union that represents ride-hailing drivers in the country have made accusations that the likes of Uber and Bolt are working to get its license revoked.
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Below are the tech stories and news you need to know to start your day, carefully curated by Technext.
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Summary of the news
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- E-hailing drivers' union is protesting an alleged move by ride-hailing companies to revoke their registration
- Fluidcoins investors were offered only a fraction of their investment after its sale
- SA's Competition Commission has given Microsoft permission to acquire Activision Blizzard
- Sega said it has made a $776 million offer to buy Angry Birds maker, Rovio Entertainment
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Ecosystem
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- A Nigerian e-hailing drivers union, the Amalgamated Union of App-based Transport Workers of Nigeria has threatened to embark on a million-man protest over what it describes as Uber and Bolt’s attempt to have its registration revoked. “Uber and Bolt wrote to the Ministry of Labour to withdraw our certificate because they didn’t employ us therefore we don’t have a right to form a union. They are crossing their boundary. They are playing with fire this time. And very soon we shall lead a million-man protest against them,” the Secretary-General of the union, Ibrahim Ayoade said. (Technext)
- Fluidcoins investors were offered only a fraction of their investment after the crypto startup was sold to Bitfinex in February. (TechCabal)
- Empower New Energy has signed a $6.5 million solar deal in Lagos, in collaboration with Powercell Limited as it prepares to develop a renewable energy project. (Nairametrics)
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Payments in Africa is complicated, Kora makes it easy. Build your custom payment experience with Kora. Accept payments in NGN, KHS, GHS and USD, make payouts and get access to same-day settlement anywhere in the world. Africa is waiting.
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Policy
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- South Africa’s Competition Commission has given the green light for Microsoft to acquire the video game platform, Activision Blizzard, in what will be the company’s biggest-ever acquisition valued at almost $70 billion. (TechCabal)
- The City of Cape Town has announced that it is pursuing the Paardevlei Ground-mounted Solar Photovoltaic and Battery Energy Storage System project, a $65 million project that promises to shield the city from one full stage of load shedding. (TechCabal)
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Social Tech
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- Twitter is introducing new labels it will show on tweets the company limits for breaking its rules. The company has also launched its "Verification for Organizations" globally.
- Netflix invested $125 million or 71% of its total investment in sub-Saharan Africa in South Africa, while Nigeria got $23 million, even though Nigeria had more licenced movies on Netflix (Techpoint Africa)
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Global News
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- Microsoft-made Bing is set to replace Alphabet Inc.’s Google as the default search service on Samsung devices, a move that could reduce Google’s annual revenue by around $3 billion. (Technext)
- Sega announced Monday it has made a $776 million offer for the maker of the Angry Birds puzzle game, Rovio Entertainment. (CNBC)
- Google CEO Sundar Pichai said in a CBS interview that. the onus is on society to adapt to AI technology, not the AI companies. "We need to adapt as a society for it. This is going to impact every product across every company,” Pichai said. (CBS News)
- Apple has launched an Apple Card savings account that offers users a 4.15% interest rate (TechCrunch)
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Latest in funding
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Polygon is a decentralised Ethereum scaling platform that enables developers to build scalable user-friendly dApps with low transaction fees without ever sacrificing security.
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Other stories we are following
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