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NEWS CORP ACQUISITION
News Corp bought Myspace for $580 million in 2005. In 2011, Specific Media and Justin Timberlake acquired it for about $35 millionMyspace helped popularize personalized online profiles, artist promotion and social networking at a crucial stage in the development of the...- SoftBank shares slide 13% after AI chiefs sound alarm on safetyThe company plans a ¥1 trillion ($6.5 billion) retail bond issue and a $10 billion loan linked to OpenAI shares as it finances deals such a...
- IIFL Finance dismisses reports on Fairfax planning company exit to fund IDBI Bank dealIIFL Finance denied reports of Fairfax exiting the company. These reports suggested a stake sale to fund an IDBI Bank acquisition. Blacksto...
- Iran defiant as Scott Bessent says US likely to announce bank sanctions this weekWashington plans to announce bank sanctions against Iran this week. Oil prices increased after direct attacks and tanker incidents. Iran wa...
- Josh Kushner’s Thrive Fund grows sevenfold to $3.7 billion on AI betsThe letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concentrating on a small subset of compa...
- TCS-OpenAI deal takes shape; Paytm's AI betTCS has secured land in Vizag and Pune that could host OpenAI's first data centres in India. This and more in today's ETtech Top 5.
- Aurum PropTech to buy News Corp-backed Housing.com owner in Rs 458 cr share-swapAurum PropTech will acquire Housing. com from REA Group for Rs 458 crore. This significant consolidation move will create India's largest p...
- Hyundai Motor to buy SoftBank's remaining stake in Boston DynamicsHyundai Motor Group is acquiring SoftBank's stake in Boston Dynamics. This move aims to integrate advanced robotics into Hyundai's manufact...
- Trump administration is planning to launch its own airline just to deport immigrantsThe Department of Homeland Security is developing its own aircraft fleet to support deportation operations and emergency response missions....
- Paramount moves to ease EU antitrust concerns over Warner Bros Discovery dealParamount Skydance Corp has offered solutions to EU competition watchdogs regarding its massive Warner Bros Discovery acquisition. The comp...
- UK may intervene in $110 billion Paramount-Warner Bros Discovery dealBritain is considering intervening in Paramount's proposed $110 billion takeover of Warner Bros Discovery, potentially delaying the deal de...
- Fox strikes $22 billion deal for Roku to fuel streaming pushFox Corp is acquiring Roku in a $22 billion deal. This move aims to combine Fox's content with Roku's streaming platform. The acquisition w...
- What Rupert Murdoch owns, and how he built his media empireRupert Murdoch, now in a legal battle with his children, spent seven decades building a media empire, including Fox News and The Wall Stree...
- Minda Corp acquires 15.7% stake in Pricol from the open marketPricol says no intent of stake sale or raising equity
- Former US President Donald Trump launches 'TRUTH' social media platformTRUTH Social will be created through a new company formed by a merger of the Trump Media and Technology Group and a special acquisition com...
- News Corp completes acquisition of GMX Services in IndiaGMX founder Rajan Parasuraman will stay on to lead the company as Managing Director. The new company has been renamed News Technology Servi...
- Rupert Murdoch making a strong comeback in India; scoops up VCCircle, Screen magazineBoth deals will give a fillip to the Nasdaq-listed media group’s strategy to offer a full bouquet of products across TV and digital medium.
- Rupert Murdoch-led News Corp acquires VCCircle NetworkThis is the third investment by News Corp in India. Previously, it had invested in BigDecisions.com and PropTiger.com.
- News Corp acquires 25% stake in PropTiger.com for $30 millionIn July 2013, News Corporation completed the separation of its business into two independent companies - 21st Century Fox and News Corp.
- Dow Jones CEO to leave; News Corp to complete takeoverNews Corp's acquisition of WSJ publisher Dow Jones & Co may be completed next week as Dow Jones' CEO has announced his departure.
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