MGM Hires Bankers to Explore a Sale
The studio behind the James Bond franchise is asking $5.5 billion in a sale.
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Google and Facebook Entered Pact to Defend Against Antitrust Action, Suit Alleges
An antitrust lawsuit alleges that Facebook and Google had a deal to cooperate with each other if they ever faced an antitrust lawsuit.
ByteDance in Talks to Invest in Chinese Mobile Game Firm CMGE
Online gaming is one of the several new businesses that ByteDance is focusing on as the owner of TikTok tries to find new sources of growth.
Google Invests in Three Indian Startups
Google announced earlier this year that it set aside $10 billion for investments in India, which has become a key battleground for other foreign tech companies.
Google Cloud Inks Data Center Deal With Saudi Aramco
CEO Thomas Kurian moves ahead with a deal that former Google Cloud chief Diane Greene helped put in place in early 2018.
Peloton to Acquire Precor in $420 Million Deal
Peloton said it will acquire the fitness equipment manufacturer Precor in a deal worth $420 million.
Apple Sets 2024 as Target for Self-Driving Car
Apple has a set a goal of 2024 to produce a self-driving vehicle and has achieved advances in battery technology that could help with that objectives.
Oscar Confidentially Files to Go Public
Joshua Kushner’s online health insurance startup is planning to go public in 2021.
SolarWinds Hack Also Reached Into Tech Firms
Intel, Cisco and Nvidia were among at least two dozen companies exposed to a massive Russia-based hack.
Trove of Leaked Documents Details How China Controlled Covid Narrative Online
The data leak shows how China marshaled an army of paid bloggers, specialized technology and the media to spin the virus.
SoftBank to File for SPAC to Raise Over $500 Million
SoftBank's first SPAC plans to buy a company in which the Japanese tech investor doesn't already have a stake.
Apple Suspends New Business With Wistron After India Riot
It isn’t clear whether the suspension will have a commercial impact on Wistron as production of the current iPhone will still continue at the facility.
Jack Ma Offered to Hand Over Parts of Ant Group to Beijing
Ma's offer highlights how Ant's future—and ultimately the future of China's tech sector—is at the mercy of the Chinese government.
Microsoft Reportedly Building Custom Server, Surface Chips
Software giant's move into building its own chips follows similar steps by rivals like Amazon and Apple.
U.S. Charges China-Based Zoom Exec With Sabotaging Tiananmen Meetings
The charges shed new light on Zoom's admission earlier this year that it had terminated some meetings related to the Tiananmen crackdown.
Google Antitrust Trial Tentatively Slated for 2023
It appears that the wheels of justice will turn slowly for Google, which faces a 2023 start date for at least one of its pending antitrust trials.
Facebook U.K. Staff Earned Average of £234,000
Facebook’s U.K.-based employees earned an average of £234,000 each in compensation during 2019, up nearly 7% from the prior year.
Dating App Bumble Confidentially Files for February IPO
Bumble could seek a public market valuation of $6 billion to $8 billion.
Rupert Murdoch Gets Covid Vaccine in U.K. Countryside
Murdoch is one of a number of prominent people in Britain to get the vaccine.
Sony Pulls ‘Cyberpunk 2077’ From Digital PlayStation Store
The move is a major black eye for the game's developer, CD Projekt Red, and could also hurt sales of Sony's current and next-generation consoles.
Weekday mornings
The Information AM by The Information Staff
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