Vincent Bolloré has formally turned down Bill Ackman’s Pershing Square offer for Universal Music Group, ending the largest take-private attempt in music-industry history. Vincent Bolloré has formally rejected Bill Ackman’s $64bn offer for Universal …
Lees meerSamsung’s 10.5%-of-profit bonus formula is only the second written profit-share agreement at a major Korean firm. Kakao’s union is already asking for more. Samsung Electronics’ unionised workforce voted in favour of the government-mediated pay agree…
Lees meerTimothy Arcuri lifted his price target to $1,625 from $535 on the back of long-term HBM supply agreements that, in his read, compress the boom-bust memory cycle into something closer to a structural duopoly. Micron Technology shares rose as much as …
Lees meerSAMR has penalised the two electronics firms for procedural violations in their now-collapsed asset sale, the latest signal of Beijing’s tightening merger-enforcement posture. China’s State Administration for Market Regulation has fined Luxshare Pre…
Lees meerThe European Central Bank has formally told eurozone banks they must tighten their cyber-security posture in response to AI-led attack tools, in a follow-up statement issued on Wednesday that turns earlier private guidance into something closer to a…
Lees meerThe Milan group-travel platform takes a $58M Series C and a strategic 10% Airbnb shareholding. Andrea D’Amico leaves to run Airbnb’s hotels division. Airbnb has led a $58m Series C in WeRoad, the Milan-based group-adventure-travel platform, taking a…
Lees meerThe TikTok parent will buy millions of Qualcomm application-specific chips for AI data centres and use Qualcomm to take its own design from blueprint to production. Qualcomm has struck a deal to supply ByteDance with millions of application-specific…
Lees meerThree suspects, including a Super Micro senior vice president, are accused of exporting US-restricted servers through false documents to Japan and then on to mainland China. Taiwanese prosecutors suspect that three individuals successfully smuggled …
Lees meerFour guests, one question: when everyone has AI, what will actually make a SaaS company win? The panel on 3 June in Amsterdam will try to answer it. There is a moment, somewhere between the third and the fourth AI feature release of the quarter, whe…
Lees meerThe Space Data Network Backbone, built on Starshield satellites, is designed to link missile-defence sensors and interceptors in near real time. The US Space Force has awarded SpaceX a $2.29bn fixed-price contract to build the Space Data Network Bac…
Lees meerA 10%+ surge in Seoul trading on Wednesday pushed the Korean memory firm past $1 trillion, making it the third chipmaker after Nvidia and TSMC to cross the line. SK Hynix’s market capitalisation pushed through $1 trillion in Seoul trading on Wednesd…
Lees meerNVIDIA chief executive Jensen Huang told a Taipei audience at Computex 2026 on Wednesday that Taiwan is the “epicentre” of the AI revolution, and that the company’s annual spending on the island will reach roughly $150bn a year. The number, the high…
Lees meerThe Tech Sovereignty Package arrives on Wednesday, but the EU is still arguing internally over what ‘digital sovereignty’ should actually require. The European Commission is preparing to publish its Tech Sovereignty Package on Wednesday afternoon, t…
Lees meerDrew Houston, the co-founder who built Dropbox from a Y Combinator demo into a company with more than 700 million registered users, is stepping down as chief executive. Ashraf Alkarmi, Dropbox’s current head of product, has been named co-CEO effec…
Lees meerThe proposal expected to be announced on Wednesday would leave Starlink and Amazon’s Kuiper able to bid only for the remaining third of the bloc’s 2 GHz mobile-satellite band. The European Commission is preparing to reserve two-thirds of the bloc’s …
Lees meerStord, a logistics technology company that helps retailers manage inventory, checkout, and fulfillment, has raised $250 million in a Series F round that values the company at $3 billion. The round was led by Strike Capital with participation from Fo…
Lees meerElon Musk’s xAI has told employees to limit their contact with staff from Cursor , the AI coding startup that SpaceX has an option to acquire for $60 billion. The directive came from James Burnham, xAI’s general counsel and former chief lawyer at …
Lees meerFerrari shares fell as much as 7 per cent in Milan trading on Monday, dropping to €290.55 and wiping roughly £3 billion from the company’s market cap. The sell-off came one day after the Italian carmaker unveiled the Luce, its first fully electric v…
Lees meerSpotify began testing a new content format on Tuesday: narrated long-form magazine articles, slotted in alongside audiobooks rather than podcasts. The launch announced from the company’s newsroom on Tuesday morning, includes more than 650 English-la…
Lees meerFelipe Sinisterra and Dave Wang, two ex-bankers, are booked out for the next two months teaching financial institutions to actually use the AI tools they have already bought. Felipe Sinisterra and Dave Wang, two former investment bankers, are chargi…
Lees meerThe 24 hours since Pope Leo XIV published his first encyclical, Magnifica Humanitas, have produced something unusual: a papal document being read in earnest by financial and policy capitals as a piece of tech-regulation analysis rather than a piece …
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