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NEW DELHI: Netflix on Friday annnounced that it has acquired Warner Bros., including HBO and HBO Max, for an enterprise value of $82.7 billion. The cash and stock deal values Warner Bros. Discovery (WBD) at $27.75 per share and will take effect after the separation of WBD’s Global Networks division, Discovery Global, which is scheduled…
NEW DELHI: Netflix on Friday annnounced that it has acquired Warner Bros., including HBO and HBO Max, for an enterprise value of $82.7 billion. The cash and stock deal values Warner Bros. Discovery (WBD) at $27.75 per share and will take effect after the separation of WBD’s Global Networks division, Discovery Global, which is scheduled…
CNN reported that the acquisition follows an agreement reached in April, under which Prada committed to purchasing Versace for about $1.51 billion, a deal that materialised after Capri Holdings’ planned sale to Tapestry fell apart because of an antitrust challenge.Lorenzo Bertelli, the son of Prada founders Miuccia Prada and Patrizio Bertelli, is set to assume…
Taiwan Semiconductor Manufacturing Co. (TSMC) has filed a lawsuit against a former executive, Lo Wen-jen. The world’s biggest contract chipmaker by market share has alleged that Wen-jen leaked trade secrets before joining rival Intel. According to a Bloomberg report, the company claimed there is a high probability that the 75-year-old executive disclosed proprietary knowledge to…
Microsoft CEO Satya Nadella has tapped longtime strategist Rolf Harms to help the tech giant rethink its business model for the era of artificial intelligence, taking lessons from Microsoft’s cloud transformation 15 years ago. As reported by Business Insider, in a memo to top executives issued earlier this month, Nadella said that Microsoft must ‘rapidly…
Fidji Simo, the CEO of Apps at ChatGPT-maker OpenAI, has revealed a few shortcomings of her previous employer, Meta. Simo, who was the former Head of the Facebook app at the social media giant, identified that the Mark Zuckerberg-led company failed to do something well: adequately anticipate the societal risks created by its products. In…
Global tech leaders recently packed Europe’s annual Web Summit held in Lisbon, Portugal, to talk artificial intelligence, robots and startups. The Web Summit 2025 takes place under the shadow of global tensions over cutting-edge hardware and software and the resources needed to build them. The four-day event is called “Davos for geeks” and is likely…
After a few years in the workplace, many professionals realise that moving forward requires more than experience. Roles become broader, decisions carry greater impact, and working with different teams demands a strategic, considered approach. The confidence to lead and align others does not always come automatically. It often needs to be learned, shaped, and strengthened…
Image: X@/Nirmala Sitharaman Veteran advertising executive Piyush Pandey passed away on Friday morning at the age of 70. He was regarded as one of the most influential figures in the advertising world and was celebrated for creating some of India’s most iconic campaigns. Pandey’s campaigns for brands such as Asian Paints (“Har Khushi Mein Rang…
At the Tata Trusts meeting on September 11, Noel Tata and Venu Srinivasan put forward the proposal for Chandrasekaran’s third five-year executive term. N Chandrasekaran has received approval from Tata Trusts for a third executive term as chairman of Tata Sons, marking an unprecedented departure from the group’s retirement policy. His second term concludes in…
