(Reuters) – Comcast Corp will likely sell its 33% stake in streaming platform Hulu to Walt Disney Co early next year, CNBC reported on Tuesday, citing Comcast Chief Executive Brian Roberts. Disney said in 2019 it would take full control of Hulu in a deal with Comcast that ascribed a minimum equity value of $27.5…
LONDON (Reuters) – The head of Britain’s anti-trust regulator said it was not seeking to create a “hostile environment” for tech companies with its decision to block Microsoft’s $69 billion acquisition of Activision Blizzard. The Competition and Markets Authority (CMA), which operates independently from government, caused shockwaves in April when it said the deal could…
(Our weekly analysis of the wild world of cryptocurrencies) By Lisa Pauline Mattackal and Medha Singh (Reuters) – Move over dogecoin? “Memecoins” – a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto – are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, a coin inspired by an…
(Reuters) – A U.S. antitrust regulator said on Tuesday it will sue to stop Amgen’s $27.8 billion deal for Horizon Therapeutics Plc, as it would give Amgen “monopoly positions” in treatments for thyroid eye disease and chronic refractory gout. Here is a list of some mergers that recently faced strong antitrust scrutiny around the world:…
By Dawn Chmielewski, Helen Coster and Sheila Dang NEW YORK (Reuters) – An animated appearance by Ted, the foul-mouthed teddy bear from the movie of the same name, a gaggle of “Real Housewives” and a NBC News political correspondent appeared at NBCUniversal’s annual ad-selling “upfront” presentation, as a writers’ strike prompted high-wattage acting talent to…
WASHINGTON (Reuters) – The U.S. Justice Department said on Tuesday that it had charged a former Apple Inc engineer with attempting to steal the firm’s technology related to autonomous systems, including self-driving cars. The engineer, whom Justice Department officials named as Weibao Wang, 35, in 2017 accepted a U.S.-based job with a Chinese company working…
By David Shepardson WASHINGTON (Reuters) -The Biden administration said Tuesday it has formed an interagency team to develop a national strategy relating to advanced air mobility efforts such as flying taxis. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as the future of urban air mobility. Low-altitude urban air mobility aircraft has drawn…
SHANGHAI/HONG KONG (Reuters) -Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd will remove apps in mainland China amid Beijing’s sharpened focus on data security and capital outflows, triggering a heavy selloff in their New York-listed shares. Chinese regulators had warned the two firms as early as 2021 that online brokerages not licensed in…
By Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Senior Tesla Inc executives will meet Indian government officials on Wednesday and Thursday to discuss local procurement of parts and other issues, a source with direct knowledge of the matter told Reuters. The electric carmaker’s renewed interest in India comes nearly a year after it…
By Summer Zhen HONG KONG (Reuters) – Large Asian hedge funds added Chinese education companies to their portfolios in the first quarter of 2023, and bought stocks in U.S. tech giants expected to benefit from ChatGPT and other artificial intelligence systems, regulatory filings showed. Investors poured money into private tutoring leaders, including New Oriental and…
