Ola, the Indian ride-hailing company backed by SoftBank, has been denied a license to enter the London taxi market, Reuters reported. The move is a setback for SoftBank, which is grappling with a series of failed investments such as WeWork and a global recession, which has created uncertainties for the operations and share prices of its Vision Fund portfolio companies. London’s public...
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Samsung’s Peacock Standoff with NBCUniversal Shows Power of TV Makers
As streaming TV becomes the default viewing option for Americans, the makers of streaming devices are taking the place of cable operators as gatekeepers, deciding what streaming services will be available to viewers. Increasingly the gatekeepers include not only Roku and Amazon but smart TV makers such as Samsung. NBCUniversal is learning that the hard way as it battles to get its Peacock...
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