Shari Redstone Reportedly in Talks to Sell Paramount Global to David Ellison
Paramount Global has a market capitalization of about $11 billion, making it the smallest of the traditional TV firms by market value.
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TikTok to Acquire Indonesia’s Tokopedia to Revive Local E-Commerce Push
TikTok's deal with Tokopedia's parent company GoTo comes after Indonesia forced the video app to shut down its e-commerce business in October.
UAE Tech Firm G42 Tries To Distance Itself From China
The comments reflect the growing geopolitical tension between the U.S. and China over chips used to develop artificial intelligence software.
OpenAI Hires WilmerHale to Review CEO Firing
Before he could return as CEO, Altman agreed to a legal review of his activities as part of a compromise deal.
Smile DirectClub To Liquidate After Rescue Deal Fails
A potential deal to rescue the once-buzzy tooth straightening startup Smile Direct Club has failed and the company is shutting down, the company said Friday.
Amazon Asks Court to Dismiss FTC Antitrust Suit
Amazon said the the FTC misrepresented its practices and failed to identify anticompetitive behavior.
Republicans Demand Answers On OCC Boss With Fake Resume
Republican lawmakers called on the banking regulator to answer questions about its fintech chief with “falsified credentials and a questionable background."
David Ellison’s Skydance and RedBird Capital Exploring Paramount Deal
Film producer David Ellison and investor Gerry Cardinale are reportedly exploring either acquiring or investing in Paramount Global or its parent company.
UK Regulator and U.S. FTC Examine Microsoft-OpenAI Deal
The agency will gauge whether Microsoft’s OpenAI investment constitutes a “merger situation” under UK law.
Spotify CFO to Exit
Spotify CEO Daniel Ek said "Spotify is entering a new phase and needs a CFO with a different mix of experiences."
Amazon Pilots Grocery Delivery Subscription Fee
The company is offering unlimited deliveries on orders over $35 from Whole Foods and Amazon Fresh to Prime members who pay an extra $9.99 per month.
Meta Launches End-To-End Encryption as Default on Messenger
The National Center for Missing & Exploited Children said in a blog post that Meta's decision was a “devastating blow to child protection."
Tesla Autopilot Hardware and Dojo Head Leaves Company
Ganesh Venkataramanan left Tesla last month.
Amazon Dropping Venmo as a Payment Method
The decision is a blow to Venmo owner PayPal’s efforts to broaden the app’s usage beyond payments between friends.
Data Center Startup Omniva Emerges From Stealth
Omniva wants to lower the cost of developing artificial intelligence software by designing more efficient data centers for servers that contain AI chips.
SpaceX Valuation Could Surge 17% in New Tender Offer
The size of the offer and other terms haven't been finalized.
AMD Holds Launch Event for AI Chips that Challenge Nvidia
Some of the biggest customers for AMD's new graphics processing units also buy Nvidia’s chips.
OCC Warns Banks of Risks Associated with BNPL Loans
Federal regulators have stepped up their scrutiny of the relationships between banks and fintech firms.
Index Partner Mark Goldberg Leaves to Start Fund
Goldberg, who started at Index in 2015, co-led the firm’s investment in Plaid’s 2018 Series C round.
Bank CEOs Rail Against Capital Rules Before Congress
U.S. banking executives laid out their arguments to a Senate committee on Wednesday on why proposed rules to force them hold more capital would backfire.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy