Exclusive-How Netflix won Hollywood's biggest prize, Warner Bros Discovery
LOS ANGELES/NEW YORK, Dec 5 : What started as a fact-finding mission for Netflix culminated in one of the biggest media deals in the last decade and one that stands to reshape the global entertainment business landscape, people with direct knowledge of the deal told Reuters.Netflix announced on Fri ...
Hollywood unions alarmed by Netflix's $72 billion Warner Bros deal
Dec 5 : Hollywood unions and theater owners on Friday sounded the alarm over Netflix's proposed $72 billion takeover of Warner Bros Discovery, warning the deal would cut jobs, concentrate power and reduce theatrical movie releases if the deal passes regulatory review.The deal would place the st ...
Warner CEO Zaslav poised to become billionaire from Netflix deal
[NEW YORK] Netflix’s US$72 billion acquisition of Warner Bros Discovery is a coup for stockholders, whose shares are being bought for more...
Meta buys AI wearables startup Limitless
[NEW YORK] Meta on Friday (Dec 5) confirmed it is buying Limitless, a US startup that makes a wearable pendant that records...
Far East Hospitality’s Arthur Kiong looks back on 4 decades in the hotel industry
Jessie Lim - He says the sector has provided him with more opportunities than he dared to dream of
US: Wall St closes with slight gains as data keeps Fed cut expectations on track
[NEW YORK] US stocks closed out the trading week with slight gains on Friday (Dec 5) as the latest flurry of economic...
Commentary: The US may be running the wrong AI race
China’s favouring of small and cheap models such as DeepSeek could prove to be the better bet, says John Thornhill for Financial Times.
Oil climbs to 2-week high on Fed rate-cut signals, supply concerns
[NEW YORK] Oil prices edged up nearly 1 per cent to a two-week high on Friday (Dec 5) on increasing expectations the...
Europe: Shares clock weekly gains on ongoing Fed cut optimism
[BENGALURU] European shares were little changed on Friday (Dec 5) and ended the week with modest gains, while investors evaluated a long-delayed...
US lawmakers press Google, Apple to remove apps tracking immigration agents
Dec 5 : The House Committee on Homeland Security has asked Google and Apple to detail what steps they are taking to remove mobile applications that allow users to track federal immigration officers.In letters sent on Friday to Google CEO Sundar Pichai and Apple head Tim Cook, committee leaders singl ...
Meta acquires AI-wearables startup Limitless
Dec 5 : Meta has acquired AI-wearables startup Limitless, maker of a pendant-style device that records and transcribes real-world conversations, as the social media giant doubles down on efforts to build AI-enabled consumer hardware."Meta recently announced a new vision to bring personal superi ...
SoftBank in talks to buy digital infra firm DigitalBridge, source says
Dec 5 : SoftBank is in talks to acquire digital infrastructure firm DigitalBridge, a source familiar with the matter told Reuters on Friday, as the Japanese conglomerate seeks to tap the firm's AI-linked portfolio.The deal could be struck by the end of the year, the source said. DigitalBridge a ...
Instant view: Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion
Dec 5 : Netflix has agreed to buy Warner Bros Discovery's TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer.Buying the owner of marquee franchises, including "Game of Thr ...
Singapore Paincare privatisation bid fails as offeror fails to meet conditions by deadline
Elysia Tan - The counter will resume trading on Dec 8
Apple sends new round of cyberthreat notifications to users in 84 countries
The company is regularly warning users who may have been targeted by state hackers
Netflix-Warner Bros deal faces antitrust pushback even as company touts benefits
Dec 5 : Netflix pitched its $72 billion acquisition of Warner Bros Discovery's studios and streaming division as aligned with the priorities of President Donald Trump's competition enforcers on Friday, but intense antitrust scrutiny is all but guaranteed.Netflix executives touted the deal ...
Netflix-Warner Bros deal faces political pushback even as company touts benefits
Dec 5 : Netflix pitched its $72 billion acquisition of Warner Bros Discovery's studios and streaming division as aligned with the priorities of President Donald Trump's competition enforcers on Friday, but intense antitrust scrutiny is all but guaranteed amid bipartisan criticism.Netflix ...
Opposition to Netflix-Warner Bros deal crosses political party lines
Dec 5 : U.S. Senator Elizabeth Warren called Netflix's $72 billion acquisition of Warner Bros Discovery's studios and streaming division an antitrust "nightmare" that would harm workers and consumers, ramping up bipartisan criticism of the entertainment megadeal on Friday. Netfl ...
Senator Elizabeth Warren calls Netflix-Warner Bros deal an antitrust 'nightmare'
Dec 5 : U.S. Senator Elizabeth Warren called Netflix's $72 billion acquisition of Warner Bros Discovery's studios and streaming division an antitrust "nightmare" that would harm workers and consumers, ramping up bipartisan criticism of the entertainment megadeal on Friday. Netfl ...
Analysis:Europe forges ahead with Big Tech crackdown with X fine, defying Trump
BRUSSELS, Dec 5 : Europe is forging ahead with its crackdown on Big Tech, levying fines on Alphabet's Google and Elon Musk's X and opening new investigations, asserting its sovereign right to enforce its laws in defiance of U.S. President Donald Trump.Three months after hitting Google with ...
Wall Street subdued at open as investors await key inflation report
[NEW YORK] Wall Street’s main indexes had a subdued open on Friday (Dec 5) as investors avoided large bets and awaited a...
US official denounces EU's fine of Musk's X, says Europe is taxing Americans
(Refiles to add story identifier for some readers, no change to content of story)WASHINGTON, Dec 5 : The chairman of the U.S. Federal Communications Commission denounced the EU's fine of Elon Musk's social media company X on Friday for breaching EU online content rules."Once again, Eu ...
SoftBank’s Arm plans to set up chip training facility in South Korea
It will train about 1,400 high-level chip design specialists to bolster the relatively weak system-semiconductor and fabless segments
Ikea to ramp up US production as tariffs bite
The push for local production aims to support its expansion in the US, its second-biggest market, and the wider region
New York Times sues Perplexity AI for infringing copyright works
Dec 5 : The New York Times sued Perplexity AI on Friday, accusing the artificial intelligence startup of unlawfully copying, distributing and displaying millions of its articles without permission to help train chatbots.Perplexity did not immediately respond to a Reuters request for comment.
New York Times sues Perplexity AI for 'illegal' copying of content
The New York Times filed a lawsuit against Perplexity AI on Friday (Dec 5), claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission.The startup has become a target of multiple legal disputes and faces similar accusations ...
Netflix to buy Warner Bros in US$72 bil cash, stock deal
Lucas Shaw and Michelle F. Davis / Bloomberg - Netflix agreed to buy Warner Bros. Discovery in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios. Under the deal announced Friday, Warner Bros. shareholders will receive US$27.75 ($35.94) a share in cash and stock ...
Trustpilot surges on Morgan Stanley upgrade despite short seller claims
Dec 5 : Trustpilot shares surged 16 per cent after Morgan Stanley upgraded the stock by two notches to "overweight" on Friday, a day after U.S. short seller Grizzly Research took aim at the global review platform. "We think the market is underappreciating Trustpilot's multi-year ...
Apple sends new round of cyber threat notifications to users in 84 countries
WASHINGTON, Dec 5 : Apple has sent a new round of cyber threat notifications to users in 84 countries, the company said on Friday, announcing its latest efforts to insulate customers against surveillance threats.Apple is one of several tech companies that regularly issue warnings to users when it d ...
Apple, Google send new round of cyber threat notifications to users around world
WASHINGTON, Dec 5 : Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats.Apple and the Alphabet-owned Google are two of several tech companies th ...
Meta strikes multiple AI deals with news publishers
Dec 5 : Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday. The tie-ups will allow the Facebook-parent to provide "real-time" news and upda ...
Singapore digital infrastructure company EFGH to pursue US listing via Spac
Elysia Tan - It has entered into a business combination agreement with WinVest Acquisition Corp
Dollar slips as traders eye next week's Fed meeting
NEW YORK, Dec 5 : The U.S. dollar slipped on Friday but held within recent ranges against major currencies as traders awaited next week's Federal Reserve meeting, where policymakers are widely expected to cut interest rates.The dollar index, which measures the currency against six peers, was do ...
Dollar eases as traders eye next week's Fed meeting
NEW YORK, Dec 5 : The U.S. dollar edged lower on Friday but held near recent ranges against major currencies as traders awaited next week's Federal Reserve meeting, where policymakers are widely expected to cut interest rates.The dollar index, which measures the currency against six peers, was ...
