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.
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.
Lucid Misses Q1 2026 Delivery Targets as Gravity SUV Hit by Supplier Recall
Lucid delivered fewer cars than expected due to a recall and supply issues, slowing sales and highlighting ongoing EV production challenges.
Oracle Strengthens Finance Team with New CFO from Schneider Electric
Oracle names Hilary Maxson as CFO; her experience in large, capital-heavy businesses fits Oracle’s fast-growing cloud and AI needs. Barclays views the appointment as 'prudent.'