Two of Indonesia’s biggest startups, ride-hailing and food delivery app Gojek and e-commerce company Tokopedia, are discussing a merger that would create a tech giant with a combined valuation of $18 billion, two people with direct knowledge of the matter said. If the Gojek-Tokopedia merger deal comes together, the combined entity would likely pursue an initial public offering in both the U.S....
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The Real CNN Drama is Cable News' Growing Irrelevance
To paraphrase Tolstoy, each unhappy TV channel is unhappy in its own way. And as illustrated by the leadup to the Wednesday exit of CNN’s CEO, Chris Licht, the cable news channel hasn’t been a happy place lately. That’s not likely to change now that Licht is gone. Beyond the gossipy drama behind his departure is the reality that CNN and its corporate parent, Warner Bros. Discovery, are both...
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