Bloomberg Tech

Tele Columbus AG is finalizing a refinancing proposal envisaging an equity injection from its shareholders, with the help of new adviser Goldman Sachs Group Inc.

A former DRW Holdings LLC trader and research analyst was accused in a lawsuit of stealing proprietary computer code used in the firm’s quantitative strategies.

Harris Williams, an investment bank owned by PNC Financial Services Group Inc., has hired Michael Kim from LionTree to co-lead its technology group in San Francisco.

Roku Inc., the maker of set-top boxes and TV software consumers use to watch Netflix Inc. and other streaming services, jumped after announcing plans to cut about 300 workers or 10% of its workforce, consolidate office space and reduce its content portfolio.

China’s leading internet search provider Baidu Inc. may get a fresh tailwind from the sooner-than-expected launch of its ChatGPT-like Ernie Bot, reigniting a rally that boosted its market valuation by $23 billion from last year’s trough.

The architect of China’s world-leading electric-car push is convinced hydrogen vehicles will play an important role in the world’s biggest auto market.

Sonos Inc. rolled out a new version of its high-end portable speaker, the Move 2, adding 24-hour battery life and stereo sound to spur demand for its devices.

Private equity firm Thoma Bravo agreed to acquire health-records software company NextGen Healthcare Inc.