Coupang Faces Record $770M Fine After Korea's Largest Data Breach
Coupang's (CPNG) massive data breach exposed 33.7 million users' information, potentially triggering a record-breaking 1 trillion won fine under Korea's data protection laws.
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Comcast CEO Brian Roberts Prepares Aggressive Bid for Warner Bros. Discovery Assets
Comcast's (CMCSA) Brian Roberts plans to bid $27-28 per share for WBD's studio and streaming assets, potentially surpassing rivals Netflix and Paramount despite Trump administration opposition.
Baidu Launches Major Layoffs Amid AI Competition and Revenue Decline
China's tech giant Baidu cuts jobs across multiple units as it battles AI competition and falling ad revenue, while protecting AI and cloud roles.
Warner Bros. Discovery Seeks Better Bids as Sale Process Heats Up
Warner Bros. Discovery requests improved offers from Paramount, Comcast, and Netflix by Dec. 1 as bidding war intensifies for HBO and CNN parent company.
Trump Opposition Sinks Tegna Stock as TV Merger Deal Faces Uncertainty
Tegna shares dropped 4% after Trump opposed FCC ownership cap changes, threatening Nexstar's $6.2B acquisition and creating turmoil in TV broadcasting consolidation plans.
Sinclair Offers to Buy Remaining EW Scripps Shares at $7.00 Each
Sinclair proposes to acquire all EW Scripps shares it doesn’t already own for $7.00 per share, offering cash and stock options and a 200% premium to recent trading levels.