Swiss and French online tech media company Keleops buys Gizmodo. The tech news site Gizmodo is sold to Keleops, a European online tech-media business with operations in Switzerland and France.
Deals
Amazon and Vrio to Challenge Starlink with Satellite Internet Launch in South America by 2025
Amazon and Vrio plan to deploy 3,236 low Earth orbit satellites to provide broadband internet to South American countries, directly competing with Elon Musk's Starlink.
OpenAI Teams up With Oracle to Increase Computing Capacity for ChatGPT
Oracle is helping OpenAI and Microsoft to boost ChatGPT's processing capability. This photograph taken in Mulhouse, eastern France on October 19, 2023, shows the ChatGPT logo reflected in mirrors.
TikTok Shop-Tokopedia Merger Could Leave Thousands of Employees Jobless; Almost 500 Already Terminated
The TikTok Shop-Tokopedia merger in Indonesia could leave thousands of employees jobless. ByteDance has already begun terminating hundreds of staff.
PH Telco Giant PLDT Aims to Sell Almost 50% of Its Stake; $1 Billion Deal Now Being Finalized
A Philippine telco giant is planning to sell almost 50% of its business. It's now finalizing a $1 billion deal with a foreign entity.
Latest News
The Amazon Labor Union has affiliated with the International Brotherhood of Teamsters, receiving support from one of the most powerful labor unions.
Intel Corp. and Apollo Global Management announced a joint venture to invest $11 billion in a chip-manufacturing facility in Ireland, with Apollo acquiring a 49% stake from Intel, aiming to close the deal in the second quarter.
While Coca Cola has a comfortable lead in the US soda market, Dr. Pepper has been inching forward to second place and toppling Pepsi’s traditional ranking.
Paramount and Skydance agreed on their merger terms. Will Shari Redstone approve the M&A deal? Here are the latest details.
Former ESPN President John Skipper and ex-Turner President David Levy are spearheading Unrivaled, a new women’s basketball league launching in January 2025.
Boeing has secured a $7.5 billion contract from the US government to convert unguided bombs into Joint Direct Attack Munitions (JDAMs).
Sony wants to purchase Queen's music catalog. The electronics giant is willing to pay $1 billion to acquire it.
Anglo American's rejection of BHP Group's bid to extend discussions on a proposed $49 billion takeover suggests a potential impasse as the deadline nears, impacting the mining industry and leaving the outcome uncertain.
WeWork founder Adam Neumann has withdrawn his multi-million dollar offer to buy back the bankrupt firm.
