Bloomberg

SoftBank Group (OTC: SFTBY)-backed Fortress Investment Group has agreed to buy Wm Morrison Supermarkets PLC (OTC: MRWSY) for about $8.7 billion, Bloomberg reports.  Last month, it turned down a lower bid from Clayton Dubilier & Rice (CD&R).  CD&R has...

Deutsche Telekom AG (OTC: DTEGF) (OTC: DTEGY) has initiated the sale of its T-Mobile Netherlands BV subsidiary at a potential valuation of $5.3 billion, Bloomberg reports. It sought for first-round offers to be submitted this month. The sale has attracted preliminary interest...

Several independent video game developers spoke out against Sony Group Corp’s (NYSE: SONY) failure to support smaller game developers, Bloomberg reports. Massive blockbusters enjoyed prominent display on the digital PlayStation Store at the cost of indie games. The outcry...

Slack Technologies Inc (NYSE: WORK) released new features to help people work with their colleagues irrespective of office or home, intensifying hybrid work competition, Bloomberg reported. Slack Huddles will allow casual audio conversations across channels and direct messages on the...

Renault SA (OTC: RNSDF) aims to cut the cost of its batteries by 60% this decade to drive the electric vehicles market, Bloomberg reports. Renault also plans to lower the cost of its electric motors by 30%, make them more compact and extend their range. It plans to launch multiple EVs in...

What Happened: American investor and entrepreneur Sam Altman has started a new venture called Worldcoin that aims to distribute cryptocurrency to every person on earth after scanning their eyeballs. According to a report from Bloomberg, a spherical device the size of a basketball will be used to...

What Happened: American footballer Tom Brady and his wife, supermodel Gisele Bündchen have taken an equity stake in crypto exchange FTX according to a press release shared by the exchange. “Tom and Gisele are both legends and they both reached the pinnacle of what they do,”...

Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) drone-delivery venture, Wing, is releasing free software for U.S. drone users to get permission to fly near sensitive areas like airports, Bloomberg reported. Wing’s OpenSky application will be available on Google Play and ...

Amazon.com Inc (NASDAQ: AMZN) is acquiring exclusive rights to “SmartLess,” the podcast hosted by Will Arnett, Jason Bateman, and Sean Hayes, Bloomberg reported. The financial terms of the three-year deal remain undisclosed. However, the total value is between $60 million and...

Alibaba Group Holding Ltd (NYSE: BABA) and the Jiangsu provincial government-led consortium are nearing a deal to acquire a stake in the retail arm of Chinese billionaire Zhang Jindong’s Suning empire, Bloomberg reports. Zhang will no longer have control of the company after the...

Norwegian warehouse robotics company, AutoStore, is exploring an initial public offering that could value it over $10 billion, Bloomberg reported. It is working with Morgan Stanley and JPMorgan Chase & Co. on the IPO. AutoStore is leaning toward listing on a European exchange, though the...

China's Envision Group plans to spend up to €2 billion ($2.4 billion) on a northern France battery plant to power an affordable range of Renault SA (OTC: RNLSY) electric vehicles, Bloomberg reported. What Happened: The deal is part of the European carmaker's EV...

Singapore’s online classifieds marketplace operator Carousell Pte is eyeing a U.S. listing via special purpose acquisition company (SPAC) merger at a valuation of up to $1.5 billion, Bloomberg reports. Other Southeast Asian companies harboring similar aspirations include...

Britain's Financial Conduct Authority (FCA) has ordered the cryptocurrency exchange Binance (CRYPTO: BNB) to stop undertaking any activities in the country. What Happened: In an official statement, the FCA on Saturday said the crypto exchange would not be allowed to undertake any...

According to the Chinese regulators, Tesla Inc (NASDAQ: TSLA) will 'recall' nearly 300,000 China-made and imported vehicles.  What Happened: Tesla will recall Model 3 and Model Y cars to update its Autopilot software remotely because drivers were accidentally turning it...