SiriusXM confirmed it would acquire podcast firm Stitcher for $265 million in cash, from EW Scripps, the latest sign of a consolidation in the podcasting market. SiriusXM may pay an additional $60 million based on Stitcher’s financial performance through next year. The deal comes just a few weeks after SiriusXM bought Simplecast, a podcasting management platform. SiriusXM, which started as a...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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