Bloomberg

AT&T Inc's (NYSE: T) WarnerMedia owned cable news channel CNN aims to launch its streaming service in 2022, Bloomberg reports. The service touted as CNN+ will begin from Q1 of 2022 and run 8 - 12 hours of live, daily programming and longer-form documentary-style shows....

Tencent Holdings Ltd (OTC: TCEHY) agreed to acquire the remaining unowned stake in Sumo Group PLC (OTC: SUMGF), Bloomberg reports. Tencent offered 513 pence per share for Sumo, a 43% premium to Sumo's last closing price. The transaction values Sumo at $1.26 billion. ...

Amazon.com Inc (NASDAQ: AMZN) backed electric pickup maker Rivian Automotive Inc postponed production of its debut vehicle due to component supply crisis, Bloomberg reports. The production was supposed to begin in September. It also deferred the timeline for its second planned...

Samsung Electronics Co Ltd (OTC: SSNLF) explores a second location in Texas for its $17 billion U.S. semiconductor plant, Bloomberg reports. It is eyeing a six million-square-foot site apart from a previously disclosed expansion of its Austin base. Samsung is likely to begin construction...

Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM) CEO C.C. Wei confirmed the company's ongoing due diligence to build a fabrication plant in Japan, Bloomberg reports. He also elaborated plans to expand its manufacturing capabilities in the U.S. and China at a Q&A session...

If you collect trading cards or World Cup stickers, chances are you’ve heard of the 60-year-old Italian company Panini. Rival Topps announced a SPAC deal earlier this year, and Panini could also be taking the same route to go public. What Happened: Panini is in talks to go public...

A barbecue retailer backed by one of the most famous brother duos in NFL history could announce a SPAC merger soon. What Happened: BBQGuys is exploring a SPAC merger with Velocity Acquisition Corp (NASDAQ: VELO), according to Bloomberg. BBQ Guys sells grills, outdoor kitchens and accessories online...

Apollo Global Management Inc (NYSE: APO) discussed acquiring a portfolio of assets from communications infrastructure provider Lumen Technologies Inc (NYSE: LUMN), Bloomberg reports. Apollo aims to acquire Lumen’s consumer operations in certain U.S. states in a...

Ho Chi Minh City commanded Samsung Electronics Co Ltd's (OTC: SSNLF) HCMC CE Complex and other factories in the Saigon Hi-Tech Park to suspend operations, Bloomberg reports. The companies had to set up on-site sleeping accommodations for workers amid the pandemic resurgence as...

HP Inc (NYSE: HPQ) shares dropped amid analyst concerns over waning PC demand, Bloomberg reports. The decline marked the most intraday low in six weeks. Analysts expressed concerns over the sustainability of the 55% growth in PC shipments during Q1. Early indicators might suggest a...

Verizon Communications Inc (NYSE: VZ) and Huawei Technologies Co have agreed to resolve two mid-trial patent-infringement lawsuits over royalties on telecommunications technology, Bloomberg reports. The terms of the settlement remain undisclosed. U.S. District Judge Rodney Gilstrap...

Microsoft Corp (NASDAQ: MSFT) will pay more than $500 million in cash to buy San Francisco cybersecurity software company RiskIQ, Bloomberg reported on Sunday, citing people familiar with the matter. What Happened: The privately-held RiskIQ makes software for detecting online security threats...

A digital asset company expected to launch a new cryptocurrency exchange announced a SPAC merger Friday morning. The SPAC Deal: Bullish announced it will merge with Far Peak Acquisition Corp (NYSE: FPAC) in a deal valuing the company at a pro forma equity value of $9 billion. A rumor from...

Electric vehicle company Polestar could be nearing a SPAC deal to go public, according to a report from Bloomberg. The company competes with Tesla Inc (NASDAQ: TSLA) and Lucid Motors, which is going public via Churchill Capital Corp IV (NYSE: CCIV). What Happened: Polestar, an electric vehicle...

Innovators in the crypto space have created tokenized versions of market-leading stocks and begun to trade them on blockchains. What Happened: According to a report from Bloomberg, decentralized finance or DeFi protocols have built synthetic equities that track stocks like Tesla Inc (NASDAQ:...