Sony reportedly in talks to buy Queen’s music catalog for staggering $1 billion
Sony Music may be willing to pay a lot of money to acquire the rights to Queen’s music catalogue. Bloomberg reported Wednesday that the entertainment giant is in talks to buy the British rock band’s songbook, which includes hits such as “Bohemian Rhapsody” and “We Will Rock You,” for a massive $1 billion in one […]
Sweden to Send $1.2 Billion to Ukraine in Military Aid
COPENHAGEN, Denmark (AP) — The Swedish government said Wednesday it will donate 13 billion kronor ($1.23 billion) in military aid to Ukraine, the largest amount of aid Sweden has ever donated. “This is made up of equipment that is Ukraine’s top priority,” Deputy Prime Minister Eva Bush said, including air defense weapons, artillery shells and […]
T-Mobile to buy almost all of US Cellular in deal worth $4.4 billion
T-Mobile will acquire U.S. Cellular’s wireless communications business and certain spectrum assets for $4.4 billion, further consolidating the industry. T-Mobile will gain more than 4 million new customers and gain control of approximately 30 percent of U.S. Cellular’s wireless communications business and spectrum assets across multiple frequency bands. T-Mobile also plans to enter into new […]
T-Mobile acquires nearly all assets of US Cellular at $4.4 billion
T-Mobile announced its acquisition of nearly all of U.S. Cellular’s assets, valued at nearly $4.4 billion. In a statement Tuesday, T-Mobile announced that it would be taking on U.S. Cellular’s wireless operations, wireless customers, stores, and some specified spectrum assets. The $4.4 billion would include both cash and $2 billion in U.S. Cellular debt. Mike […]
Belgium Promises First F-16 Fighters and $1 Billion to Ukraine This Year
BRUSSELS (AP) — Ukrainian President Volodymyr Zelenskiy received a second $1 billion in military aid pledge in two days on Tuesday during a whirlwind visit to three European Union countries, while President Vladimir Putin warned that attacking Russian territory with Western-supplied weapons could send the war on a dangerous new path. The 2024 aid pledge […]
Interrogated by Cruz, Diplomat Gives False Testimony About Biden’s Billion Dollar Bribe
During a November 30th hearing of the U.S. Senate Foreign Relations Committee, a senior State Department official gave false testimony about a billion dollar bribery scandal involving Joe Biden. The official, George Kent, is President Biden’s appointee to be the next U.S. ambassador to Estonia. At Kent’s nomination hearing, Senator Ted Cruz (R–TX) questioned him about Biden’s actions in Ukraine while Kent […]
Newsom’s latest budget proposal falls $7 billion short, LAO says
(The Center Square) – California Gov. Gavin Newsom’s May budget proposal still falls $7 billion short of a balanced budget for fiscal year 2024-2025, according to the state-funded, non-partisan Legislative Analyst’s Office. This new budget, called the May Revision, is a marked improvement from earlier assessments from the LAO that said the 2024-2025 deficit could be […]
Musk raises $6 billion for xAI to challenge OpenAI
Elon Musk’s artificial intelligence company xAI has raised $6 billion from a group of investors to fund the expansion of its technology. The company website The company announced on Sunday that the “Series B funding” will be used to bring its first product to market, build out its infrastructure, and research future technologies. “xAI will […]
Mt. Gox moves at least $2.9 billion in bitcoin for first time in five years – The Block
Published 1 minute ago upon Updated: May 27, 2024 11:31 PM EDT According to data from Arkham Intelligence, Mt. Gox appears to have moved at least 42,830 BTC, worth roughly $2.9 billion, from its cold wallets. The bitcoin exchange, which collapsed in 2014, transferred assets to unknown addresses in multiple transactions as of 11 a.m. […]
Elon Musk’s xAI gets $6 billion in new funding and announces valuation
Barron’s Roundtable panelists discuss whether software makers are ready for AI. Billionaire Elon Musk’s Artificial Intelligence (AI) Startup xAI announced on Sunday that it had raised $6 billion in Series B funding, raising its post-money valuation to $24 billion. Investors in xAI’s $6 billion Series B round included Valor Equity Partners, Vy Capital, Andreessen Horowitz, […]