Business News
The US Justice Department has called upon several of the nation’s largest theater chains for private discussions regarding the potential implications of a sale of Warner Bros. Discovery Inc., as reported by sources. Government antitrust lawyers are investigating how a
Warner Bros Discovery is momentarily re-engaging in acquisition discussions with Skydance-owned Paramount to ascertain the firm’s “best and final” proposal, all the while maintaining its support for the studio and streaming agreement established with Netflix. In a regulatory filing on
Warner Bros Discovery Inc. is contemplating the possibility of resuming sale discussions with competitor Hollywood studio Paramount Skydance Corp. following the receipt of its adversarial suitor’s latest revised proposal, according to sources. According to sources, members of the Warner Bros.
The chief executive of Ford Motor Co. engaged in discussions with senior officials from the Trump administration regarding a possible framework that would allow Chinese automakers to manufacture vehicles in the United States, while also providing certain protections for domestic
SoftBank Group Corp returned to a quarterly profit, driven by investment gains from OpenAI that approached $20 billion. This marks a promising beginning for one of Masayoshi Son’s hallmark ventures, alongside ByteDance Ltd. and Alibaba Group Holding Ltd. The Tokyo-based
Stellantis Hits $26.5B Writedown in EV Setback
Stellantis revealed on Friday that it would incur charges amounting to 22.2 billion euros ($26.5 billion) as it reduces its electric-vehicle aspirations, significantly impacting its shares as conventional automakers face the consequences of miscalculating the transition to cleaner transportation. The
Sony’s profit in the last quarter surged 11 per cent on healthy global sales, prompting the Japanese entertainment and electronics company to raise its full-year profit forecast. Tokyo-based Sony Group Corp. announced on Thursday that it achieved a net profit
For a significant portion of the last three years, Elon Musk’s xAI has endeavored to rival the foremost AI laboratories, including OpenAI, the organization he co-founded and subsequently had conflicts with. The outcomes have been varied: xAI’s premier product, the
Elon Musk is merging SpaceX and xAI in a transaction that values the combined entity at $1.25 trillion, as the world’s richest man aims to support his growing ambitions in artificial intelligence and space exploration. The acquisition of xAI was
Oracle Corp. intends to secure between $45 billion and $50 billion this year via a mix of debt and equity sales to enhance its cloud infrastructure capacity, illustrating the substantial financing required to support the expansion of AI. Oracle is