Beijing Tightens Control Over Ant Group in Major Restructuring
Ant, Alibaba's financial technology arm, will become a financial holding company subject to more stringent rules similar to those that apply to banks.
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Microsoft to Buy Nuance Communications for $16 Billion
The acquisition would be one of Microsoft's biggest after the purchase of LinkedIn five years ago.
More Than 100 Chinese Startups Withdraw IPOs From Domestic Stock Markets
The companies pulled out of listing on China’s two Nasdaq-like domestic stock markets, designed to provide capital to innovative companies, under pressure from a regulatory crackdown.
Cybersecurity Firm Darktrace to Go Public in London
Darktrace was reportedly seeking a $4 billion valuation in the London Stock Exchange.
Apple Will Make Executive Available to Testify at Senate App Store Hearing
Decision follows criticism from senators over Apple’s refusal to participate.
Alibaba Shares Rise After $2.8 Billion Fine in Antitrust Probe
The penalty for the e-commerce giant comes as Beijing has been stepping up its effort to rein in China's most powerful internet giants.
Facebook Paid 110% of Exec Bonuses Tied to Election Integrity Efforts
Facebook’s board also approved security protection for non-employee directors, citing the “dynamic and charged atmosphere" after the attack on the U.S. Capitol.
Jessica Alba’s Honest Co. Files to Go Public
Alba founded the Honest Co. in 2012 and remains the chief creative officer.
Apple Won’t Participate in Senate Hearing on App Store Competition
Apple’s decision drew a bipartisan rebuke from lawmakers.
Union Push at Amazon Warehouse Ends in Apparent Defeat
Amazon looks to have prevailed in a fight against labor organizers at a warehouse in Alabama.
China Approves Tencent’s $3.5 Billion Purchase of Search Engine Sogou, With Conditions
The proposed take-private of the nation's third largest search engine was seen as a test case of tougher anti monopoly regulations.
Didi Said to Hire Goldman and Morgan Stanley for U.S. IPO
China's ride hailing giant plans to file confidential papework for a New York initial public offering this month, in what could be another big win for its backer SoftBank.
Votes Against Amazon Warehouse Union Lead in Ballot Count
Votes against an effort to unionize Amazon warehouse workers in Alabama outnumbered those in favor by more than two-to-one Thursday afternoon.
P&G Involved in Chinese Effort to Work Around Apple Privacy Policies
Procter & Gamble has worked with a trade group in China seeking ways around new Apple privacy policies that could interfere with targeted advertising.
Epic Questions Apple’s App Store Defenses in New Court Filings
Epic Games challenged the efficacy of Apple's efforts to defend the App Store against malicious behavior by software developers.
SEC Official Warns of SPAC Disclosure Issues
The SEC official suggested Congress may need to revisit securities law to clarify disclosures needed for SPAC deals.
Sony’s Movies Return to Netflix
The deal marks a bit of a homecoming for the studio's movies.
KKR Invests $500 Million in Box
The investment will fund a $500 million stock buyback in Box, which should help lift the company's stock price.
Amazon Targets June for Prime Day
Amazon plans to stage Prime Day in June after delaying last year's event due to the Covid-19 pandemic.
U.K. Fintech Firm Revolut Will Let Employees Work From Overseas Locations
Revolut's new policy shows how far the remote work arrangements popularized during the pandemic are spreading.
Weekday mornings
The Information AM by The Information Staff
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