Tesla Revenue Drops 11% Amid Musk's AI Pivot
Tesla reports its first-ever yearly revenue decline, with automotive revenues falling 11% in 2025. Elon Musk shifts focus to AI and robotics, including the Optimus robot, to drive future growth.
Category : Acquisitions
Al Habtoor Group Exits Lebanon, Lays Off All Staff
Dubai-based Al Habtoor Group announces closure of Lebanese operations and termination of all employees following $1.7 billion investment dispute with authorities.
Goalhanger Podcasts Gets US Investment from Chernin Group
London-based podcast producer Goalhanger, co-founded by Gary Lineker, has secured its first external investment from The Chernin Group to fund global expansion and new media formats.
SpaceX Mulls $1.5tn IPO Tied to Musk's Birthday and Planets
Elon Musk's SpaceX is considering a $1.5tn IPO in mid-June, timed to coincide with a planetary alignment and his 55th birthday, aiming to raise $50bn.
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Anta to Become Puma's Largest Shareholder in $1.8bn Deal
China's Anta is set to acquire a 29% stake in Puma from Kering's Pinault family, aiming to revive the German sportswear brand's fortunes amid intense rivalry with Adidas.
Bezos Vogue Takeover Rumours Grow After Paris Fashion Week
Speculation mounts about Jeff Bezos acquiring Conde Nast as his wife Lauren Sanchez appears with Vogue's Dame Anna Wintour at Paris Fashion Week, despite denials from both parties.
Chinese Firm on US Watchlist Buys Canadian Gold Miner
Zijin Gold International, a subsidiary of a Chinese group on the US forced labour watchlist, has announced a $4.2bn acquisition of Canada's Allied Gold, amid geopolitical tensions.
Anta Buys 29% Puma Stake for $1.8 Billion
China's Anta Sports Products announces acquisition of a 29.06% stake in German sportswear giant Puma for €1.5 billion, aiming to boost Puma's presence in the lucrative Chinese market.
EY Partner's Explosive Exit Email Slams Firm's Culture
A veteran EY partner has launched a blistering attack on the firm's 'autocratic' leadership and toxic workplace culture in a farewell email to colleagues after 19 years.
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Nelson Peltz: The Billionaire Behind Nicola Peltz's Feud
Explore how billionaire investor Nelson Peltz built his fortune from humble beginnings, instilled a fierce work ethic in his children including Nicola Peltz, and became a feared Wall Street figure.
Spire Healthcare in Private Equity Takeover Talks
Spire Healthcare, the UK's largest private hospital provider, has confirmed early-stage talks with private equity firms Bridgepoint and Triton regarding a potential sale.
Peet's Coffee Closes Stores After $18bn Takeover
Peet's Coffee is permanently closing multiple locations across California following Keurig Dr Pepper's $18 billion acquisition, with dozens of stores set to shutter by 2026.
Netflix to Keep HBO Team After Warner Bros Deal
Netflix co-CEO Greg Peters confirms the streaming giant plans to preserve HBO's creative team after acquiring Warner Bros. Discovery assets in an $82.7 billion all-cash deal.
Macron's Sunglasses Boost Firm's Shares by 28%
French President Emmanuel Macron's choice of £575 aviator sunglasses has sent shares in Italian eyewear company iVision Tech soaring by 28%, while generating widespread social media buzz and celebrity commentary.
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SpaceX Lines Up Wall Street Banks for Blockbuster IPO
Elon Musk's SpaceX is reportedly considering Bank of America, JP Morgan, Goldman Sachs and Morgan Stanley for leading roles in a potential initial public offering that could value the company at $800bn.
Netflix vs Paramount: $100bn Warner Bros Battle
The corporate world watches as streaming giant Netflix and media titan Paramount engage in a high-stakes bidding war for control of Warner Bros Discovery, with billions at stake.
Couple Charged in $100M Stock Fraud for Lavish Lifestyle
Brett and Deborah Rosen face 24 counts for alleged pump-and-dump scheme that funded their multi-million dollar San Diego mansion through fraudulent stock promotions.
Trump Sues JPMorgan Chase for $5 Billion Over Debanking
Donald Trump has launched a $5 billion lawsuit against JPMorgan Chase, accusing the bank of politically motivated debanking of his accounts following the January 6 Capitol attack.
Trump Sues JPMorgan for $5 Billion Over Debanking Claims
Former President Donald Trump has launched a $5 billion lawsuit against JPMorgan Chase, accusing the banking giant of debanking him and his hospitality companies without warning following the January 6 Capitol attack.
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Paramount Extends Warner Bros. Bid Deadline to February
Paramount has extended its $77.9 billion hostile takeover offer for Warner Bros. Discovery to 20 February, as Warner prefers a Netflix merger. The battle involves complex bids and antitrust scrutiny.
Trump Sues JPMorgan and Jamie Dimon for $5bn
Donald Trump has reportedly filed a lawsuit seeking at least $5 billion against JPMorgan Chase and its CEO Jamie Dimon, alleging the bank unfairly cut off his banking services after the January 6 Capitol riot.
Paramount Extends Warner Bros. Takeover Deadline
Paramount has extended its hostile takeover bid for Warner Bros. Discovery to February 20th, intensifying the battle against Netflix's rival merger proposal.
Nathan's Famous Sold to Chinese-Owned Smithfield
The iconic American hot dog brand Nathan's Famous has been acquired by Chinese-owned Smithfield Foods for $450 million, sparking debate about foreign ownership of US food institutions.
Stoli Group Forced to Liquidate US Brands in Bankruptcy
Major alcohol producer Stoli Group is selling inventory of Kentucky Owl whiskey and Stoli vodka brands after Chapter 7 filings, citing US market slowdown and Kremlin dispute.
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Nathan's Famous Hot Dog Brand Sold to Smithfield for $450M
Smithfield Foods acquires Nathan's Famous in a $450 million all-cash deal, with shares surging 9% and expected annual savings of $9 million post-acquisition.
Builder Sues Widow for £400m Over Bayesian Sinking
The Italian Sea Group files a £400 million lawsuit against Angela Bacares, widow of billionaire Mike Lynch, claiming lost sales after the Bayesian superyacht sank in 2024, killing seven.
Two Charged Over Safe Hands Funeral Plan Collapse Fraud
Two former executives face conspiracy to defraud charges following SFO investigation into collapsed funeral plan provider Safe Hands, which left 46,000 customers exposed.
Ubisoft Shares Plummet After Game Cancellations, Restructuring
French video game giant Ubisoft faces its worst trading day since 1996 as shares plummet 33% following cancellation of six titles including Prince of Persia remake and major corporate restructuring.
Holmes Requests Trump Commutation After Pro-MAGA Posts
Convicted Theranos founder Elizabeth Holmes has formally requested a sentence commutation from the Trump administration, following months of pro-Trump social media activity marking a dramatic political reversal.
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Holmes Asks Trump to Commute Prison Sentence
Disgraced Theranos founder Elizabeth Holmes has petitioned Donald Trump for commutation of her 11-year prison sentence for defrauding investors in the collapsed blood-testing startup.
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