Microsoft Corp. and Apple Inc. face fresh investigations from European Union regulators as part of the bloc’s landmark digital markets clampdown, which could end up forcing significant changes in how the firms do business in the region.
Roku Inc., the maker of set-top boxes consumers use to watch Netflix Inc. and other streaming services, jumped after announcing plans to cut about 10% of its workforce, consolidate office space and review its content portfolio.
Universal Music Group NV and French company Deezer SA said they have developed a new music-streaming model that better compensates artists and the songs that fans actively engage with.
Private equity firm KKR Group plans to list Kokusai Electric Corp.’s shares in Tokyo as early as October at a valuation north of ¥400 billion ($2.7 billion), a person familiar with the matter said.
San Francisco was set to become “the blockchain capital of the world” but lost its status because of hostile US government policy and regulatory crackdowns, according to Chris Larsen, co-founder and executive chairman of crypto pioneer Ripple Labs Inc.
A Saudi Arabian state-backed telecom firm is set to splash out $2.5 billion to become the biggest shareholder in Spain’s Telefonica SA, marking the latest instance of Middle Eastern wealth flowing into key European communication assets.
Spain will ensure it protects the country’s “strategic autonomy” after Saudi Telecom Co. said it plans to snap up a near 10% stake in telecommunications giant Telefonica SA for about $2.25 billion, the government’s spokeswoman said.
London’s Air Street Capital has seen early wins with startups focused on AI-powered drug discovery, not ChatGPT knockoffs.
Telefonica SA’s shares rose after Saudi Telecom Co. took a stake worth $2.25 billion in the Madrid-based carrier as it prepares to lay out a new strategy for future growth.
The Middle East is home to some of the world’s largest sovereign wealth funds. Overseeing close to $3 trillion of assets, these investing giants have become key players in global dealmaking.
