Polygon, a leading video game and pop culture website, has been acquired by Valnet, leading to significant staff changes and layoffs. Co-founder Chris Plante and other key writers have departed, while Valnet aims to strengthen its gaming portfolio.
In a significant move, Ant Group has agreed to purchase a 50.55% stake in Bright Smart for HK$2.81 billion, causing the latter’s shares to soar by nearly 64%. This investment aims to enhance Ant's overseas operations amid regulatory challenges.
In a surprising twist, Yahoo aims to acquire Google Chrome to regain its footing in the tech world. With competitors like OpenAI and Perplexity also eyeing Chrome, Yahoo's bold strategy could reshape the browser landscape. Can they pull it off?
In a gripping courtroom saga, Mark Zuckerberg defends his $19 billion investment in WhatsApp, claiming it was a strategic move against competitors like Apple and Google amid an FTC antitrust lawsuit.
In a landmark deal, Prada has acquired Versace for $1.36 billion, aiming to unite two iconic fashion brands. With this acquisition, Prada positions itself to compete more fiercely with luxury giants like LVMH.
In a dramatic turn of events, Amazon and AppLovin have thrown their hats into the ring to acquire TikTok before a potential U.S. ban takes effect. While Amazon's bid is reportedly not being taken seriously, AppLovin seeks financial backing for their offer. The clock is ticking as the deadline approaches!
In a surprising twist, Amazon has made a last-minute bid to acquire TikTok as the deadline for its separation from China approaches. With national security concerns looming, will this bid shake up the digital landscape?
In a strategic move, Rocket Mortgage has announced its acquisition of Mr. Cooper for $9.4 billion, promising to reshape the mortgage landscape and enhance the homeownership experience for millions.
Tensions escalate between Denmark and the Trump administration over the U.S. desire to acquire Greenland. Denmark's foreign minister responds to aggressive remarks, emphasizing the importance of ally communication.
The conviction of Charlie Javice, founder of fintech startup Frank, for defrauding JPMorgan Chase by inflating user numbers has raised serious questions about trust and ethics in the fintech industry. This case exposes vulnerabilities in acquisitions and due diligence processes, sending shockwaves through the sector.
