Allwyn to acquire majority stake in PrizePicks at $2.5bn valuation

Allwyn to acquire majority stake in PrizePicks at $2.5bn valuation Summary Allwyn International will buy a 62.3% majority stake in PrizePicks, valuing the North American daily fantasy sports operator at at least $2.5bn. The deal includes an initial $1.6bn cash payment and potential performance-related payouts that could lift the implied valuation above $4bn by 2029. […]

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Louisiana Hands Meta a Tax Break and Power for Its Biggest Data Center

Louisiana Hands Meta a Tax Break and Power for Its Biggest Data Center Summary Louisiana regulators fast-tracked approval for three natural-gas turbines and a $550m transmission line to feed Meta’s planned 4-million-square-foot data centre in Richland Parish — a facility expected to need more than 2GW of power. Entergy Louisiana will operate the plants; Meta […]

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Safaricom just completed M-PESA’s biggest upgrade in a decade, but will partners plug in?

Safaricom just completed M-PESA’s biggest upgrade in a decade, but will partners plug in? Summary Safaricom has completed its largest M-PESA core migration since localising the platform a decade ago, finishing a three-hour cutover and restoring services early on Monday. The upgrade — dubbed Fintech 2.0 — moves M-PESA to a cloud-native, microservices architecture hosted […]

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