The company, which owns the Los Angeles Valiant esports team, is positioning itself to capitalize on the increasingly mainstream phenomenon of professional video game play.
With e-commerce platforms gaining in popularity across the Arab world, fashion and beauty online marketplaces are becoming a favorable option with the region’s shoppers.
Musk, who backed Paypal in its early days, is an influential figure in the online investment community.
So far this year, 3-D printing companies have attracted $400 million in venture funding, half the $800 million they had garnered in the entirety of last year.
Saudi Arabia has the largest committed and planned investments in the medium-term followed by the UAE and Kuwait.
The all-cash deal is due to be completed by September for an undisclosed fee.
Standing at over 250 meters high, the structure will be more than 200% taller than the first-ever Ferris wheel. It is taller than the 135m London Eye, the 167m High Roller in Las Vegas and the 190m
Hulu is buying back AT&T's minority stake in the streaming service, which values the streaming service, which competes with Netflix and Amazon, at $15 billion.