Min Hee Jin reportedly planned on using NewJeans to make HYBE relinquish equity in the company. Min Hee Jin | Pinterest On April 22, news broke out that Ador CEO Min Hee Jin had been asked to step down. The CEO’s fallout with HYBE reportedly stems from a power struggle, as reports claimed that HYBE […]
Amazon doubles down on Anthropic, completing its planned $4B investment
Amazon invested a further $ 2.75 billion in growing AI power Anthropic on Wednesday, following through on the option it left open last September. The $ 1.25 billion it invested at the time must be producing results, or perhaps they’ve realized that there are no other horses available to back. The September deal put $ […]
UK confirms in-depth antitrust probe into Three and Vodafone’s planned $19B merger
The U.K.’s Competition and Markets Authority (CMA) has confirmed that it’s launching a formal “phase 2” investigation into the planned merger between Vodafone and Three UK. The news comes some nine months after plans of the $ 19 billion deal first emerged, in a move that would effectively reduce the U.K.’s main mobile network operators […]
Joe Mixon trade details: Texans acquire Bengals RB ahead of planned release
The Bengals were ready to release Joe Mixon after signing Zack Moss in NFL free agency, but they managed to acquire an asset for the veteran running back. Cincinnati offloaded Mixon in a trade with the Texans Tuesday, per NFL Network’s Ian Rapoport. It isn’t yet clear what Houston is sending back to the Bengals. […]
Reddit’s planned IPO share price seems high, unless you look at its AI revenue
Reddit’s IPO plans are coming into focus with a new S-1 filing released Monday morning that sets an initial price range for its stock at $ 31 to $ 34 per share. If investors agree to pay its high-end range, its valuation should hit around $ 5.4 billion. At the low end of this range, […]