SoftBank Group is close to a deal to acquire 40% of a Norwegian company that makes warehouse automation technology for $2.8 billion. The Wall Street Journal reported that the deal for AutoStore, which is controlled by the private equity firm Thomas H. Lee Partners, would value the company at almost $8 billion. Founded in 1996, AutoStore makes a system that allows robots to fetch inventory from...
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Opinion Media/Telecom Entertainment
Why YouTube Sees Hollywood’s Future in the Creator Economy
Tuesday’s letter from YouTube Chief Business Officer Robert Kyncl to its 2 million–strong creator community—announcing that original content chief Susanne Daniels had resigned—read like the final salvo in YouTube’s recent PR campaign touting its creator economy successes. Consider: When Daniels started in her role in 2016, she was commissioning original scripted...
Google Urges Court To Throw Out Texas-led Antitrust Case Against Ad Tech Business
Twitter CEO Shakes Up Security Team
TikTok Owner ByteDance’s 2021 Revenue Rose 70%
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