Databricks obtains $1.8 billion in additional debt ahead of IPO

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Databricks co-founder and CEO Ali Ghodsi. Databricks Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC. Databricks now has access to over $7 billion in debt, the person added. The company declined to comment. Databricks is among the highly valued technology companies that are […]


Disney paying additional $438.7M to buy out NBCUniversal’s Hulu stake

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Walt Disney said Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service. The transaction gives Disney complete ownership of Hulu, clearing the way for a deeper integration with the Disney+ streaming service, and ESPN’s coming direct-to-consumer offering, CEO Bob Iger said in a statement. […]