The European Union's antitrust regulators are set to scrutinize Microsoft’s $13 billion investment in OpenAI, focusing on the exclusive use of Microsoft's cloud technology and its potential impact on competition.
Deals
Paramount, Skydance Re-Negotiate Merger Deal: Report
The preliminary merger deal between National Amusements, Paramount Global, and Skydance Media appeared to have been reignited after abandoning it due to shareholder dispute.
FTC Blocks Tempur Sealy's Acquisition of Mattress Firm Over Competition Concerns
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
Apple Joins OpenAI's Board: Phil Schiller Takes Observer Role in Historic Partnership
Apple has secured an observer role on OpenAI’s board as part of a significant agreement, with Phil Schiller, the head of Apple’s App Store, appointed to the position.
Paramount Global in Merger Talks to Integrate Paramount+ with Rival Streaming Platform
Paramount Global is in private discussions with other entertainment companies to explore merging its Paramount+ streaming service with an existing platform.
Latest News
Time magazine has signed a multi-year content deal with OpenAI, granting ChatGPT access to its news archives, with financial terms undisclosed.
The Australian government announced that it has approved the request of ANZ to acquire the banking business of Suncorp for $3.26 billion.
Boeing is reportedly offering $35 per share to purchase Spirit AeroSystems, funded mostly with stock.
German automaker Volkswagen announced that it would invest $5 billion in US-based electric vehicle maker Rivian as part of a joint venture to share EV architecture and software.
OpenAI is acquiring the enterprise analytics start-up Rockset, integrating its technology and team to enhance data usability and enable developers to build more intelligent applications.
UPS said that RXO will purchase its Coyote Logistics subsidiary for $1.025 billion. A United Parcel Service (UPS) driver leaves with his truck from a UPS facility that is delivering vaccines to Washington, DC, and Maryland areas March 15, 2021 in Landover, Maryland.
Alaska Airlines and its flight attendants' union have reached a historic tentative labor agreement, marking the end of a prolonged period without new contracts and pending approval by union leadership and membership.
Australian Mexican restaurant chain Guzman y Gomez went public on June 20, 2024 at the Australian Stock Exchange and traded over 30% north of its IPO of A$22 ($14.67) per share.
France is leading in the generative AI funding race in Europe, according to a new report. France is leading in the generative AI funding race in Europe, according to a new report by venture capital firm Accel and analysts at Dealroom.
