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A group of investors led by Elon Musk has given OpenAI an unsolicited offer of $97.4 billion to buy the nonprofit part of OpenAI. An attorney for the group submitted the bid to OpenAI…
Sonos said it’s cutting about 12 per cent of its staff, or 200 workers, in a bid to make its product teams “flatter, smaller and more focused”. Santa Barbara, California-based Sonos, maker…
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as a director due to potential non-conformance to…
PRECISION plastic components manufacturer Fu Yu Corporation’s board of directors declined to appoint substantial shareholder Victor Lim as a director due to potential non-conformance to…
The Supreme Court has paved the way for TikTok to be banned in the U.S. on Sunday. The high court on Friday upheld a new law that requires the social media app’s Chinese owner to sell off…
SAN FRANCISCO — Former U.S. Rep. Barbara Lee, a prominent progressive Democrat who represented the East Bay in Congress for more than two decades, said Wednesday she will run for Oakland…
Amazon has reportedly acquired the rights to a documentary about Melania Trump, directed by Brett Ratner, for an impressive $40 million. This documentary, featuring a behind-the-scenes…
WASHINGTON — Four years after a violent mob stormed the Capitol, a full Congress is set to gather to certify the 2024 election, formally declaring President-elect Donald Trump the winner.…
THE Thai government’s campaign to pressure the Bank of Thailand (BOT) to cut interest rates suffered a significant setback, with the Office of the Council of State effectively ruling that…
JAPANESE manufacturing giant Nidec said on Friday (Dec 27) that it planned to launch a tender offer for Makino Milling Machine at a 42 per cent premium to Thursday’s closing share price,…
PRIVATE equity firms KKR and Bain Capital each offered more than US$5 billion in first-round bids for the non-core assets of Japan’s Seven & i Holdings, according to sources familiar with…
MALAYSIAN Resources has withdrawn from a consortium that is bidding for a proposed multi-billion dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, according to one of…
THE British government has approved Czech billionaire Daniel Kretinsky’s £5.3 billion (S$9 billion) takeover of Royal Mail owner International Distribution Services, the Financial Times…
Macquarie Asset Management has submitted a bid to buy Axiata Group’s telecom infrastructure unit in a transaction that could value it at about US$3.5 billion, according to people with…
TikTok’s future in the U.S. remains in jeopardy after the popular social video app on Friday lost a major court battle as it tries to prevent its banishment. TikTok had asked the U.S.…
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13 (S$2.24)-a-share binding offer for the logistics real estate firm, people familiar with the matter said, a…
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13-a-share binding offer for the logistics real estate firm, people familiar with the matter said, a move that…
✓ Link copied to clipboard! New York Yankees outfielder Juan Soto is expected to earn a contract worth over $600 million this winter. The final five teams for Soto have been revealed to be…
BRITISH insurer Direct Line Insurance on Wednesday (Nov 27) rejected a takeover offer of £3.3 billion (S$5.6 billion) from bigger rival Aviva, saying it “substantially undervalued” the…
CANADIAN convenience store and fuel retailer Alimentation Couche-Tard remains committed to snapping up its Japanese rival Seven & i Holdings despite a new management buyout proposal valued…
(Bloomberg) -- Mexico’s Supreme Court dismissed a ruling intended to limit the scope of a judicial overhaul passed by Congress, easing concerns of a standoff with President Claudia…
BILLIONAIRE Mike Ashley’s Frasers Group is walking away from an attempted takeover of Mulberry Group but is still pushing for a board seat at the British handbag maker. Frasers said…
Boeing and the union representing 33,000 striking workers reached a tentative agreement on a new contract with help from the White House, underscoring the high stakes to end a work…
SINGAPORE’S push to foster a digital-asset hub jumped back into the spotlight this week when Nansen chief executive officer Alex Svanevik revealed his application for permanent residence…
