Culture
Electronic Arts shareholders approve US$55 billion sale to Saudis
ELECTRONICS Arts shareholders approved the US$55 billion sale of the company, a leading video-game publisher, in a deal led by Saudi…
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Billion
Culture
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans Telefonica will book a cost of 2.5 billion euros…
Culture
Larry Ellison offers US$40.4 billion guarantee to beef up Paramount's Warner Bros bid
Oracle co-founder Larry Ellison has stepped in to personally guarantee US$40.4 billion in Paramount Skydance’s latest effort to pry Warner…
Culture
Netflix refinances part of US$59 billion loan for Warner Bros bid
The streaming giant plans to tap capital markets to further reduce its bridge facility and extend its debt maturities Netflix refinanced…
Culture
Record US$350 billion deals boom fuels upbeat M&A outlook in Japan
Corporate governance reforms aimed at improving shareholder returns are helping to transform the country into a hive of activity IT HAS…
Culture
SoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes,…
Culture
Elon Musk becomes first person worth US$700 billion following pay package ruling
TESLA CEO Elon Musk’s net worth surged to US$749 billion late Friday (Dec 19) after the Delaware Supreme Court reinstated Tesla stock…
Culture
10 S-Reits garner over S$1 billion in total retail net inflows in 2025
Including dividends, total returns for the STI and S-Reits reached 26.7% and 14.4%, respectively With seven trading days remaining in…
Culture
Musk wins US court appeal of US$56 billion Tesla pay package
A DELEWARE appeals court cleared the way Friday for tech CEO Elon Musk to receive a long-contested US$56 billion Tesla pay package,…
Culture
TikTok owner ByteDance on track for US$50 billion profit in 2025
BYTEDANCE is on track for profits of roughly US$50 billion in 2025, capping a record year for a Chinese social media leader making major…
Blog
Sales of Trump immigration gold card top $1 billion
The U.S. has made $1.3 billion so far from the sale of immigration gold cards, Commerce Secretary Howard Lutnick said. Source link
Culture
India’s Adani seeks to operate more airports as part of US$11 billion expansion
The group currently manages seven airports across the country, with plans to aggressively bid for 11 more [MUMBAI/NEW DELHI] India’s Adani…
Business
Zelensky thanks EU for €90 billion financing package
Ukrainian President Volodymyr Zelensky thanked European leaders on Friday following their agreement on further financing for his country,…
Business
EU leaders agree on 90 billion euro loan to Ukraine after a plan to use Russian assets unravels
BRUSSELS (AP) — European Union leaders agreed on Friday to provide a massive interest-free loan to Ukraine to meet its military and…
Blog
Trump signs massive $901 billion defense policy bill into law
President Trump signed the National Defense Authorization Act into law Thursday, ensuring the Pentagon gets a whopping $901 billion for…
Culture
Trump Media, fusion power firm TAE Technologies combine in US$6 billion deal
Under the deal, shareholders of both companies will own about 50% of the combined entity US President Donald Trump’s social media firm is…
Culture
Elliott takes over US$1 billion stake in Lululemon: source
Activist investor Elliott Management has amassed a stake of more than US$1 billion in Lululemon Athletica and is lining up a potential CEO…
Blog
China sues after Missouri seeks to collect on $25 billion court judgement, prosecutor says
Missouri's top prosecutor said China is suing after the state pressed federal officials for help collecting on a roughly $25 billion court…
Culture
Oracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest…
Culture
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rivals Carlyle Group, Blackstone, KKR and TPG in a bidding race American private equity firm Warburg Pincus…
Culture
Apollo weighs potential US$12 billion sale of Atlas Air
Apollo Global Management is exploring a potential sale of its aviation company Atlas Air Worldwide Holdings, according to sources familiar…
Culture
Japan’s Mizuho to buy majority of India’s Avendus from KKR for up to 81 billion yen
Japan’s Mizuho Securities on Wednesday (Dec 17) said that it will buy a majority stake in Indian investment bank Avendus from US…
Business
Saudi Arabia, a €10 billion rumor, and Barcelona’s finances back in the spotlight
Speculation around FC Barcelona’s finances has surged again after a widely shared report suggested that Saudi Arabia’s crown prince,…
Culture
Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets Elon Musk’s wealth has reached a new high,…