Bloomberg News

Redstones, Ellison offer concessions to Paramount investors, Bloomberg News reports

Business
Jessica Roberts

(Reuters) – The Redstone family and Skydance Media CEO David Ellison have both made concessions to make a potential change in control ...

Advent in Advanced Talks to Buy Ryan Reynolds-Backed Nuvei

Business
Jessica Roberts

(Bloomberg) — Advent International agreed to buy Canadian payments processor Nuvei Corp. for $6.3 billion, including debt, in a further sign that ...

Super Micro to Delay 2 Million Share Sale to After Close

Business
Jessica Roberts

(Bloomberg) — Super Micro Computer Inc. pushed back the expected pricing of the sale of 2 million shares to after the market ...

Huawei Chip Breakthrough Used Tech From Two US Gear Suppliers

Business
Jessica Roberts

(Bloomberg) — Huawei Technologies Co. and its partner Semiconductor Manufacturing International Corp. relied on US technology to produce an advanced chip in ...

Apple cancels work on electric car, ending decadelong effort

Business
Jessica Roberts

(Bloomberg) — Apple Inc. is canceling a decadelong effort to build an electric car, according to people with knowledge of the matter, ...

Capital One to Buy Discover Financial in $35 Billion Deal

Business
Jessica Roberts

(Bloomberg) — Capital One Financial Corp. agreed to buy Discover Financial Services in a $35 billion all-stock deal to create the largest ...

Alibaba’s $25 Billion Buyback Fails to Assuage Investors

Business
Jessica Roberts

(Bloomberg) — Alibaba Group Holding Ltd. green-lit another $25 billion in stock repurchases, aiming to assuage investors concerned about the Chinese e-commerce ...

YouTube and Spotify Won’t Launch Apple Vision Pro Apps, Joining Netflix

Technology
Michael Johnson

(Bloomberg) — Google’s YouTube and Spotify Technology SA, the world’s most popular video and music services, are joining Netflix Inc. in steering ...

A $1.3 Trillion Debt-Fueled Boom in Deals Faces a Grim New Reality

Business
Jessica Roberts

(Bloomberg) — When a Walgreens Boots Alliance Inc. affiliate bought Summit Health-CityMD around a year ago, the pharmacy group’s management hailed the ...

European Stocks Waver as Economic Picture Darkens: Markets Wrap

Business
Jessica Roberts

(Bloomberg) — European shares wavered after the latest economic data highlighted Germany’s struggle to recover from an energy-induced downturn last winter and ...