Endeavor Sells Sports School IMG Academy to EQT
All-cash deal has an enterprise value of $1.25 billion.
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The Information AM
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Recent Editions
Coinbase Sues SEC to Respond to Rulemaking Petition
The lawsuit is the latest spat between Coinbase and the SEC and comes roughly a month after the agency sent a Wells Notice to the crypto exchange.
First Republic Saw More Than $100 Billion of Deposits Flee During Crisis
Bank says it will restructure and look to cut costs.
Microsoft to Separate Teams, Office Products Under EU Antitrust Scrutiny
The move could help Microsoft head off a formal antitrust investigation in the EU.
Apple Wins Legal Battle Over Epic, Which Appealed Antitrust Verdict
The ruling is a blow to Epic, which likely has lost the equivalent of at least $400 million in annual sales from “Fortnite” due to its absence on iPhones.
Tucker Carlson Is Out at Fox News
Fox News said it's "agreed to part ways" with its star TV host. Fox recently settled a defamation lawsuit from Dominion Voting Systems for $787 million.
Disney Undergoes Another Round of Layoffs
Disney is undergoing another round of layoffs this year as it plans to reduce costs by $5.5 billion. A third round of cuts is coming before the summer.
NBCU Chief Jeff Shell Exits After ‘Inappropriate Relationship'
Comcast said Shell would leave effective immediately, after an investigation by outside counsel into a complaint of "inappropriate conduct."
Twitter Restores Blue Check Marks for Some, Wanted or Not
Elon Musk’s service brought the badge back to popular accounts even though those users aren’t paying for it
Alphabet Lowered CEO Pichai’s Stock Award Target 23% to $210 Million
The hefty stock package was granted shortly before the company cut 6% of headcount, or 12,000 employees
Gemini Announces New International Derivatives Platform
The platform, called Gemini Foundation, will be open to customers in areas including Singapore, Hong Kong and India, but not for U.S. users.
Lyft Planning New Round of Layoffs
The ride-hailing firm may shed 30% or more of its employees.
Twitter to Require Advertisers to Pay for Verification
Twitter says advertisers need to be verified in order to advertise on the platform. This does not apply to businesses already paying more than $1,000 per month.
Alphabet Revises 2022 Financials, Cutting Google Cloud’s Reported Losses 35%
Reporting lower losses could improve perceptions of Google Cloud's performance on Wall Street and within the company.
Biden Aims to Sign Order to Limit Tech Investments in China in Coming Weeks
American investments in China, especially in areas like chips and artificial intelligence, are coming under increased scrutiny from Washington.
Mark Zuckerberg Tells Employees He Could Not Rule Out Future Layoffs
The CEO said the company would slow hiring to a rate of 1% to 2% year over.
Blackstone Profit Drops, but Assets Approach $1 Trillion Goal
Private equity firm nears big asset goal, though profit is hurt by real estate slowdown
Alphabet Merges Its Two AI Groups, DeepMind and Google Brain
The move signals Google's urgency to catch up to OpenAI and Microsoft
Twitter Purges Legacy Blue Checkmarks
Only users who pay $8 a month for Twitter Blue will keep their checkmarks.
Cloud Startup CoreWeave Raises $221 Million
Nvidia, the maker of these specialized chips, participated the round.
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