Paramount Skydance Lands Billions From Saudi, Qatar & Abu Dhabi Wealth Funds in WBD Mega-Merger
Paramount gets $24B from Middle East funds to buy WBD, keeps control, offers perks to shareholders, deal aims to close in 2026.
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Intel Joins Elon Musk’s Massive Terafab AI Chip Project
Intel teams up with Elon Musk on “Terafab” to build super-fast chips for Tesla, SpaceX, and AI, aiming 1 TW of yearly compute power.
Xponential Fitness Explores Sale or Merger to Maximize Shareholder Value
Xponential Fitness is exploring options like a sale or merger to boost shareholder value and adds Nicole Haughey to its board.
Bill Ackman Makes Bold €55 Billion Bid to Buy Universal Music Group
Bill Ackman offers $64B to buy Universal Music, shifting it to NY, aiming to fix issues, boost value, and back artists/tech.
Arm Faces Near-Term Risks as Morgan Stanley Turns Neutral
Morgan Stanley is neutral on Arm for now, raising its price target to $150 but warning growth may take time amid market risks.
Broadcom and Google Team Up to Power Anthropic’s AI Growth
Broadcom teams up with Google to supply custom AI chips through 2031 and provide Anthropic 3.5 gigawatts of computing power.