| CNBC: |
Paramount launches a hostile bid to acquire WBD, offering WBD shareholders $30/share in a $108.4B all-cash deal; sources say WBD rejected the same bid last week — Paramount Skydance is launching a hostile bid to buy Warner Bros. Discovery after it lost out to Netflix in a months-long bidding war … | Bloomberg: |
President Trump says Netflix's WBD deal has “got to go through a process”, its big market share “could be a problem”, and he will be involved in the decision — President Donald Trump raised potential antitrust concerns for Netflix Inc.'s planned acquisition … | Ben Thompson / Stratechery: |
| Lauren Thomas / Wall Street Journal: |
IBM agrees to acquire data streaming software maker Confluent for ~$11B in cash, above its ~$8B market value as of its December 5 close, paying $31 per share — Confluent shares surged more than 25% in premarket trading Monday, while IBM's fell slightly.| Bloomberg: |
President Trump says he will sign “a ONE RULE” EO on AI “this week” and “you can't expect a company to get 50 Approvals every time they want to do something” — President Donald Trump said he would approve an executive order this week to establish … | Barbara Moens / Financial Times: |
The European Commission says Meta agreed to change its “pay or consent” model, including ad-light Instagram and Facebook versions, but “the case is not closed” — Facebook agrees changes to ‘pay or consent’ model after talks with European Commission| Mark Gurman / Bloomberg: |
Internal memo: Johny Srouji, who oversees Apple's chip division, tells his employees that “I don't plan on leaving anytime soon” — Apple Inc.'s Johny Srouji, who oversees the company's chip division, told staff that he's staying at the iPhone maker.| Laith Al-Khalaf / Financial Times: |
Singapore-based banking and payments startup Airwallex raised $330M at an $8B valuation, after raising $300M at a $6.2B valuation in May, and plans a US HQ — Payments company opens San Francisco base and reduces Tencent's holding in US pivot — A Singapore fintech that was labelled a … | Rachel Metz / Bloomberg: |
Unconventional AI raised a $475M seed led by a16z and Lightspeed at a $4.5B valuation to build a more energy-efficient AI computer, part of an up to $1B round — Naveen Rao joins a rarified club of prominent tech founders to raise big funding rounds for very young companies.| Alex Dooler / Bloomberg: |
Binance receives three licenses from Abu Dhabi's financial regulator, allowing comprehensive operations across its exchange, clearing, and broker-dealer arms — Binance has won three separate licenses from Abu Dhabi's financial regulator, giving the crypto exchange giant one of its most comprehensive regulatory footholds yet.| Reuters: |
Sources: Skild AI, which develops a foundation model for robots, is in talks to raise $1B+ from SoftBank and Nvidia at a ~$14B valuation, up from $4.7B in July — Japan's SoftBank Group (9984.T) and Nvidia (NVDA.O) are in talks to invest in Skild AI, in a more than $1 billion funding round … | Bobby Allyn / NPR: |
ICEBlock's developer sues the Trump administration in federal court for violating the First Amendment, after Apple removed its app under White House pressure — The developer of ICEBlock, an iPhone app that anonymously tracks the presence of Immigration and Customs Enforcement agents … | Financial Times: |
Big Tech's AI data center plans, which are set to need an estimated 44GW of additional capacity by 2028, face a power crunch that could deflate the AI “bubble” — A lack of electricity for new data centres could deflate the AI ‘bubble’ — Rafe Rosner-Uddin in San Francisco … | CNBC: |
Leaked letter: Tiger Global launches Private Investment Partners 17, a fund targeting raising ~$2B to $3B, signaling a pivot from megafunds to more discipline — Tiger Global Management announced Monday the launch of its latest venture capital fund, Private Investment Partners 17 …
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| Vallari Srivastava / Reuters: |
| James Hunt / The Block: |
| Nandan Mandayam / Reuters: |
| Ivan Mehta / TechCrunch: |
| Aaron Krolik / New York Times: |
| Lisa Bonos / Washington Post: |
| John Thornhill / Financial Times: |
| Bjarke Smith-Meyer / Politico: |