MIAMI (AP) — A former American diplomat who served as U.S. ambassador to Bolivia has been arrested in a long-running FBI counterintelligence investigation, accused of secretly serving as an agent of Cuba’s government, The Associated Press has learned. Manuel Rocha, 73, was arrested in Miami on Friday on a criminal complaint and more details about …
Image Credits: SpaceX SpaceX took the industry by surprise with its latest move: a subtle yet meaningful acquisition of parachute vendor Pioneer Aerospace after the bankruptcy of its parent company. The Information reports the news. In what is only the second known acquisition for SpaceX, this aerospace powerhouse sealed the deal for $2.2 million, securing …
Paramount Global Controlling Shareholder Shari Redstone Open to Transformative Deal Shari Redstone, the controlling shareholder of Paramount Global, is actively seeking a transformative deal but has yet to find the right opportunity, according to sources. Consolidation within the large media companies is necessary, although challenging due to current market conditions. Redstone has been open to …
According to a report from venture capital firm Konvoy, publicly listed gaming companies, including Activision Blizzard, Electronic Arts, Nintendo, and others, currently hold a staggering $45.1 billion in cash and cash equivalents. This substantial cash reserve could potentially lead to further consolidation within the $188 billion video games industry. The report also highlights that gaming …
In a surprising turn of events, the shell company that was set to merge with former President Trump’s media company has lost $467 million in funding. Digital World Acquisition Corp. announced this setback in a regulatory filing on Thursday. CEO Eric Swider confirmed that the remaining $533 million would be returned to investors, effectively …
Microsoft has successfully completed its acquisition of video game-maker Activision Blizzard for a whopping $69 billion. This marks one of the most expensive tech acquisitions in history and is expected to have a significant impact on the video game industry. The deal has received final approval from Britain’s competition watchdog, following their earlier decision …
Schott Pharma made its highly anticipated debut on the Frankfurt stock exchange, exceeding expectations of analysts and investors alike. The company’s shares started trading at an impressive 30 euros per share, resulting in a significant 10% increase within the first few minutes. Prior to its IPO, Schott Pharma set the final offer price at 27 …
The regulator was concerned with Amazon’s dual role as both a marketplace and a competitor to merchants selling on its platform. Nathan Stirk | Getty Images E-commerce giant Amazon announced a major investment in the artificial intelligence company Anthropic, committing up to $4 billion and taking a minority ownership position. Amazon’s move highlights its aggressive …
Cathie Wood, CEO of Ark Invest, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, February 27, 2023. Brendan McDermid | Reuters ARK Invest CEO Cathie Wood stated that she did not participate in Arm’s IPO last week due to its overvaluation compared to …
Instacart announced its updated filing for the highly anticipated initial public offering (IPO) on Monday. The company aims to raise up to $616 million, differentiating between fresh capital and existing shareholders, with a valuation reaching $9.3 billion. In the IPO, Instacart plans to offer shares at a price range of $26 to $28. This offering …