China Approves Tencent’s $3.5 Billion Purchase of Search Engine Sogou, With Conditions
The proposed take-private of the nation's third largest search engine was seen as a test case of tougher anti monopoly regulations.
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Didi Said to Hire Goldman and Morgan Stanley for U.S. IPO
China's ride hailing giant plans to file confidential papework for a New York initial public offering this month, in what could be another big win for its backer SoftBank.
Votes Against Amazon Warehouse Union Lead in Ballot Count
Votes against an effort to unionize Amazon warehouse workers in Alabama outnumbered those in favor by more than two-to-one Thursday afternoon.
P&G Involved in Chinese Effort to Work Around Apple Privacy Policies
Procter & Gamble has worked with a trade group in China seeking ways around new Apple privacy policies that could interfere with targeted advertising.
Epic Questions Apple’s App Store Defenses in New Court Filings
Epic Games challenged the efficacy of Apple's efforts to defend the App Store against malicious behavior by software developers.
SEC Official Warns of SPAC Disclosure Issues
The SEC official suggested Congress may need to revisit securities law to clarify disclosures needed for SPAC deals.
Sony’s Movies Return to Netflix
The deal marks a bit of a homecoming for the studio's movies.
KKR Invests $500 Million in Box
The investment will fund a $500 million stock buyback in Box, which should help lift the company's stock price.
Amazon Targets June for Prime Day
Amazon plans to stage Prime Day in June after delaying last year's event due to the Covid-19 pandemic.
U.K. Fintech Firm Revolut Will Let Employees Work From Overseas Locations
Revolut's new policy shows how far the remote work arrangements popularized during the pandemic are spreading.
Twitter Likely to Irk China With New ‘Milk Tea Alliance’ Emoji
Twitter, which is already banned in China, has nonetheless been a popular platform for China to try to spread its message.
Tencent’s Biggest Investor Makes $14.6 Billion Selling China Tech Giant’s Stock
Internet conglomerate Prosus, which is owned by Naspers, Africa's largest listed company. Naspers paid $34 million for a one-third stake in Tencent before it went public.
FTC, States Ask Court to not Dismiss Antitrust Lawsuits Against Facebook
In early March, Facebook sought to have the cases thrown out.
Twitter Held Talks to Buy Clubhouse for $4 Billion
That's a steep price tag for an invite-only app with declining user growth and no revenue.
MasterClass Triples Valuation to $2.5 Billion
The startup, which sells online courses taught by celebrities and other experts, is raising new capital.
Uber Gets Stellar PR for $250 Million Driver Stimulus
Uber is shrewdly calling attention to its U.S. drivers' sky-high earnings as the ride-hailing service recovers from the pandemic.
Patreon Hits $4 Billion Valuation
Tiger Global Management led the $155 million funding round in the company that helps musicians and other creators of online content connect with fans and get paid.
BitMEX Co-Founder Surrenders to Authorities in Hawaii
Arthur Hayes, the outspoken former CEO of BitMEX, is charged with failing to implement anti-money laundering measures and was released on a $10 million bond.
ByteDance Investor Source Code Capital Raises $1 Billion for New Funds
The Beijing-based VC firm's latest fundraising comes as some of China's biggest tech startups are preparing for their highly anticipated IPOs.
Bezos Supports Biden’s Infrastructure Plan, Corporate Tax Hikes
On Tuesday, Amazon CEO Jeff Bezos released a statement in support of President Joe Biden’s $2 trillion infrastructure plan.
Weekday mornings
The Information AM by The Information Staff
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