Intel CFO says the US deal aims to deter Intel from selling its foundry; it lets the US buy 5% more at $20/share if Intel's stake in the unit falls below 51%
until it didn't Mai Tao / Robotics & Automation News : US government takes 10 percent stake in Intel for $9 billion Ashley Belanger / Ars Technica : Intel details everything that could go wrong with U...
Ubisoft says it is appointing advisers to review and pursue strategic options after an October 2024 report said its majority backers were considering a buyout
Source: UBISOFT ENTERTAINMENT — PRESS RELEASE — Ubisoft.com Georgina Young / The Sun : Assassin's Creed Shadows is delayed AGAIN as Ubisoft looks for the best ‘capitalistic options’ Ben Kerry / Pu...
Israeli cybersecurity startup Wiz names veteran exec Fazal Merchant as president and CFO to prepare for a US IPO; sources: Wiz has annual revenues of ~$500M
Israeli startup Wiz said on Thursday it had named veteran executive Fazal Merchant as president and chief financial officer …
Sources: activist fund Starboard Value has taken a ~$500M stake in Autodesk and spoken to its board over concerns regarding a probe that led to its CFO's ouster
Rohan Goswami / CNBC :
Plaid hires former Expedia Chief Financial Officer Eric Hart as its first CFO, a milestone in its IPO plans after a failed $5.3B sale to Visa in 2021
Start-up appoints former Expedia CFO two years after failed sale to Visa — US financial technology start-up Plaid has hired …
Dell reports Q4 revenue down 11% YoY to $25B, commercial PC revenue down 17% YoY to $10.7B, and names Yvonne McGill to replace CFO Tom Sweet, effective August 5
Wall Street Journal :
Elon Musk takes Twitter private, merging the company with X Holdings, delisting from NYSE, dissolving the board, and moving staff stock options to cash bonuses
Elon Musk's former fans have lost faith in the idea of the billionaire genius. Angela Watercutter / Wired : Twitter Writes Twitter's Requiem Livemint : Big reveal in Parag's sacking! Messages between ...
Brex, valued at $12.3B in January 2022, lays off 136, or 11% of its staff, as part of a restructuring, and its CFO departs to join HR software startup Rippling
Discovery's CFO says HBO Max and Discovery+ will be bundled early in the Discovery and WarnerMedia merger and will eventually be combined into one service
Hollywood Reporter :
Discovery's CFO says HBO Max and Discovery+ will be bundled early in the merger of Discovery and WarnerMedia and will eventually be combined into one service
The streamers will be bundled early on as part of the merged media giant, before both services become a single direct-to-consumer platform.