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GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition. […]
Brex co-founders Pedro Franceschi and Henrique Dubugras. Brex Capital One said Thursday that it was acquiring payments startup Brex for $5.15 billion, the latest splashy deal undertaken by the bank’s CEO, Richard Fairbank. The firm, which disclosed the deal in its fourth-quarter earnings statement, said the deal is made up of 50% cash and 50% […]
Nvidia has agreed to license chip technology from startup Groq and hire away its CEO, a veteran of Alphabet’s Google, Groq said in a blog post on Wednesday. Groq specializes in what is known as inference, where artificial intelligence models that have already been trained respond to requests from users. While Nvidia dominates the market for training AI models, it faces much […]
Elon Musk’s 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.” The ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation. The court said a 2024 ruling […]
TikTok’s Chinese owner, ByteDance, signed binding agreements with three major investors to sell just over 80% of the company’s US assets to American and global investors to avoid a US government ban, TikTok CEO Shou Zi Chew told employees on Thursday. The deal is a major step toward resolving years of uncertainty about the short video app’s […]
The U.S. has halted a technology trade deal with the U.K., after officials in Washington became frustrated with the pace of progress, the Financial Times reported on Tuesday. Announced in September during President Donald Trump’s state visit to the U.K., the “technology prosperity deal” is a sweeping agreement aimed at encouraging collaboration between the countries […]
Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a monthslong bidding war for the legacy assets, the company said Monday. Paramount will go straight to WBD shareholders with an all-cash, $30 per share offer. That’s the same bid WBD rejected last week and equates […]
A man walks past movie posters at at AMC Theater in Montebello, California on May 5, 2025. Frederic J. Brown | AFP | Getty Images Movie theater operators woke up Friday to the possibility of a new world order. Netflix and Warner Bros. Discovery announced a deal for the streaming giant to acquire WBD’s film […]
Logos of Netlfix and Warner Bros. Reuters The Netflix and Warner Bros. Discovery deal came together quickly — but its path to regulatory approval may not be so speedy. Netflix stunned the media industry on Friday when it announced its proposed $72 billion deal to acquire the iconic Warner Bros. film studio and streaming service […]
Netflix on Friday announced plans to acquire Warner Bros. Discovery’s studio and streaming business in a $72 billion deal – beating out Paramount and Comcast after a brutal bidding war. The merger is set to take place after WBD spins off its Discovery Global business into a new publicly-traded company, which is expected to be […]
