Hrithik Roshan to Partially Sell Stake in Cult.fit Ahead of IPO
Hrithik Roshan plans to sell part of his shares in fitness platform Cult.fit through its upcoming IPO but will retain ownership and remain involved with the company.
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China’s Top Tech Firms Slash Over 130,000 Jobs Amid AI Transition
Leading Chinese technology companies have cut more than 130,000 jobs in the past year as rapid AI adoption and restructuring reshape the sector, sparking concerns over workforce impacts.
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Paramount-Warner Bros. Merger Delayed Past July Amid Regulatory and Legal Challenges
Paramount’s $110 billion merger with Warner Bros. Discovery faces delays beyond July 22 due to ongoing EU regulatory reviews and a legal challenge from Oregon’s attorney general.
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Nexstar Seeks to Limit Nationwide Block on $6.2 Billion Tegna Merger
Nexstar asks the Ninth Circuit to narrow a sweeping injunction that halted its merger with Tegna, arguing antitrust concerns apply in only a few local markets.
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Levi Strauss Beats Q2 Expectations and Raises Full-Year Outlook on Strong Brand Momentum
Levi Strauss reported better-than-expected Q2 earnings driven by robust sales growth and expanded product lines, prompting an upgraded revenue forecast.
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Prime Intellect Secures $130M to Expand AI Model Training Platform Valued at $1 Billion
Prime Intellect closed a $130 million funding round led by major tech investors, boosting its valuation to $1 billion as it scales its AI training and deployment platform.
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id Software’s Xbox Layoffs Halted Development of Ambitious New Game Concepts
Before recent layoffs slashed the studio’s workforce, id Software was exploring original projects including a John Wick-inspired shooter, a Perfect Dark reboot, and a sci-fi Western survival game.
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Empower AI Broadens Federal AI and Cloud Services With Highlight Technologies Acquisition
Empower AI has acquired Highlight Technologies to enhance its federal AI, cloud computing, and data modernization services, expanding support for key government agencies.
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NSE’s Delayed Rs 30,000 Crore IPO Faces Market Uncertainties Amid Regulatory Changes
The National Stock Exchange’s decade-delayed Rs 30,000 crore IPO confronts fresh challenges as regulatory clamps on derivatives trading impact revenue and market share.
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Cult.fit IPO Filing Reveals Key Financial and Operational Risks for Investors
Cult.fit’s Draft Red Herring Prospectus details audit concerns, market concentration, and pending litigations that investors must consider ahead of its proposed initial public offering.
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Oregon Attorney General Seeks Court Halt on Paramount-Warner Bros. Merger Amid Records Disputes
Oregon’s Attorney General moves to delay the Paramount and Warner Bros. merger by requesting court intervention over withheld lobbying documents and a 60-day pause on deal closure.
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Amazon Raises $25 Billion Through Bond Sale to Accelerate AI Infrastructure Growth
Amazon returns to debt markets with a $25 billion bond offering aimed at funding its expanding artificial intelligence infrastructure and other corporate needs.