GameStop Makes $55 Billion Bid for eBay in Bold E-Commerce Push
GameStop has made a $55 billion bid to acquire eBay at $125 per share, signaling an aggressive move to expand into e-commerce.
Business - Page 24
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Latest Business News
PayPal Restructures Into Three Core Units to Accelerate Growth Strategy
PayPal announced a strategic reorganization into three business segments, aiming to streamline operations and support future growth.
Kone to Acquire TK Elevator in $34.4 Billion Deal to Create Industry Leader
Finland’s Kone will acquire Germany’s TK Elevator in a $34.4 billion deal, forming the world’s largest elevator manufacturer.
Microsoft Loses OpenAI Exclusivity as Partnership Terms Shift
Microsoft will lose exclusive rights to OpenAI models, allowing broader distribution as the partnership evolves and revenue-sharing terms change.
Eli Lilly to Acquire Ajax Therapeutics in Deal Worth Up to $2.3 Billion
Eli Lilly will acquire Ajax Therapeutics for up to $2.3 billion, strengthening its pipeline in blood cancer treatments.
Sun Pharma Shares Jump 7% on $11.75 Billion Organon Acquisition
Sun Pharma shares rose 7% after announcing an $11.75 billion deal to acquire U.S.-based Organon, expanding its global footprint.
Microsoft Plans First Voluntary Buyouts Covering Up to 7% of U.S. Workforce
Microsoft is introducing its first voluntary buyout program, targeting up to 7% of its U.S. workforce as part of broader efficiency efforts.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Meta to Cut 10% of Workforce as It Pushes Efficiency Amid AI Spending
Meta plans to cut about 10% of its workforce, or over 8,000 jobs, as it streamlines operations and offsets rising AI-related costs.
Warner Bros. Discovery Shareholders Approve $110 Billion Paramount Deal
Warner Bros. Discovery shareholders approved a $110 billion merger with Paramount, advancing one of the largest media consolidation deals in recent years.
Netflix Authorizes $25 Billion Buyback as It Shifts Focus After M&A Exit
Netflix approved an additional $25 billion share buyback program, signaling a renewed focus on shareholder returns after abandoning a major acquisition plan.
Nvidia and Google Partner to Build ‘AI Factories’ in Push for Physical and Agentic AI
Nvidia and Google announced a major partnership to develop AI infrastructure, combining hardware and software to advance 'physical' and agentic AI systems.