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Disney, a company known for fiercely guarding its characters and intellectual property, has forged a new path by entering into a three-year licensing agreement with OpenAI. Through this groundbreaking deal, users of OpenAI’s Sora platform will be able to…
Hong Kong’s Hang Seng Bank has enlisted the services of an independent advisor to evaluate its impending takeover by HSBC. Somerley Capital, a financial advisory firm, has been tapped to scrutinize the details of the deal, according to a recent filing made to…
HSBC’s recent proposal to purchase Hang Seng has raised questions due to the potential commercial real estate risk in Hong Kong. However, some experts believe that possible long-term advantages such as cost synergies may offset these concerns. Deal Details…
Swift & Moore, a beverage distributor, has recently formed a collaboration with Otter Craft Distilling (OCD). As part of this new alliance, Swift & Moore will be taking over the nationwide distribution of the Sydney-based distillery’s variety of small-batch…
On Tuesday, Nvidia’s shares fell by $5.18 or 2.82%, closing the regular trading session at $178.43. The stock retreated, losing more than half of the 4% increase it saw on Monday. This came after the technology company announced its plans to invest up to $100…
Fonterra has successfully settled its disagreement with the Bega Group over Bega licenses in Australia. This settlement followed Fonterra’s decision to divest its consumer business to Lactalis, a French dairy conglomerate. Fonterra’s Divestment to Lactalis…
Guess, a renowned fashion and lifestyle brand, is preparing to transition into a privately-held company following a US$1.4 billion pact with Authentic Brands Group, major shareholders, and co-founders Maurice and Paul Marciano, Nicolai Marciano, as well as…
Paramount, a Malaysian property developer, is preparing to secure a 28% share in Envictus International, a firm managing both Texas Chicken and San Francisco Coffee within Malaysia, with an investment of approximately US$29.5 million. Details of the…
Taiwan has blocked Uber Technologies’ $950 million purchase of Delivery Hero’s Foodpanda business on the island because of concerns it would be anti-competitive, the Fair Trade Commission (FTC) said on Wednesday. Uber and Foodpanda did not immediately respond…
Nokia has signed a lot of 5G patent agreements in the last year. The Finnish company recent convinced Oppo that it’s better to make use of technology that other companies patent by simply paying for it. Today, Nokia is signing yet another 5G patent agreement,…
Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French car maker Renault SA and China’s Geely Automobile Holdings Ltd plan to set up jointly, they said on Thursday. Reuters reported in January that Aramco has…
Qualcomm Corp on Tuesday announced deals to supply chips to automakers Volvo Group, Honda Motor Co Ltd and Renault SA, accelerating its push to partner with legacy automotive firms digitizing their product lines. The San Diego, California, company once known…
Budget airline Vietjet has signed a $400-million agreement with British company Rolls Royce for aircraft engines for its wide-body fleet and engine servicing. The signing ceremony on Sunday was witnessed by Prime Minister Pham Minh Chinh, who is in the U.K.…
The U.S. fintech giant announced a mostly cash deal to acquire Japan’s buy now, pay later (BNPL) payments platform Paidy for ¥300 billion (about $2.7 billion) on Wednesday. The acquisition will expand PayPal’s capabilities, distribution and relevance in the…
Hong Kong-listed shoe retailer Le Saunda says same-store offline sales rose by 13.8 percent in the February quarter after it rationalized its store network. In a positive profit alert issued to the Hong Kong Stock Exchange, chairman James Ngai said group…
Swiss bank UBS is reportedly poised to pour several hundred million into a payments start-up in India. The investment is alongside some of the Swiss wealth manager’s ultra-rich clients. Zurich-based UBS is negotiating a $400 million investment in Paytm, an…
