EU clears US$110b Paramount-Universal merger but blocks joint distribution
BRUSSELS, July 23 — The European Union on Wednesday gave the conditional green light for Paramount Skydance’s US$110…
Oracle stock ends worst week since 2001 as investors dwell on finances
Oracle CEO Clay Magouyrk, right, speaks on a media tour of the Stargate data center in Abilene, Texas,…
Paramount Open to Selling Kids Channels to Quell EU Fears Over $110 Billion Warner Deal
(Bloomberg) — Paramount Skydance Corp. is prepared — if necessary — to divest some children’s TV network assets…
OpenAI data center pivot underscores Wall Street IPO concerns
Sam Altman, chief executive officer of OpenAI Inc., speaks during BlackRock’s 2026 Infrastructure Summit in Washington, DC, US,…
Oracle Plans Thousands of Job Cuts in Face of AI Cash Crunch
(Bloomberg) — Oracle Corp. is planning to ax thousands of jobs, among its moves to handle a cash…
Paramount Sweetens Offer For Warner Bros. Discovery
Paramount has enhanced its offer for Warner Bros. Discovery, not formally upping its $30-a-share cash bid, but injecting…
WBD Set To Reject Paramount’s Latest Takeover Bid After Board Meets Next Week
When business revs back up next week, Warner Bros. Discovery looks set to reject Paramount’s amended hostile takeover…
Oracle founder Larry Ellison explains two types of AI models, uses Elon Musk’s Tesla as example of ‘low-latency’ intelligence
Larry Ellison net worth 2025 Oracle founder and Chairman Larry Ellison has outlined the difference between two types…
Japan’s SoftBank sells its shares in Nvidia for $5.8 billion
TOKYO (AP) — Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8…
The world’s 10 richest people lost nearly $70 billion in Friday’s market rout
The planet’s 10 richest people saw their collective wealth shrink by nearly $70 billion on Friday. Markets roiled…