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News
OpenAI Rules Out 2026 IPO, Citing Safety Work
13+ hour, 12+ min ago (235+ words) OpenAI will not go public in 2026, chief executive Sam Altman said, removing the most immediate timetable for a stock-market debut that investors have closely watched across the artificial-intelligence sector. In a Fortune interview published Sept. 12, Altman said an initial public…...
EverBank Investors to Control Renamed WaFd in $3.9 Billion Merger
13+ hour, 1+ min ago (454+ words) EverBank Financial Corp. and Seattle-based WaFd Inc. have agreed to a proposed $3.9 billion reverse merger that would put EverBank’s name, executives and investor base atop a larger publicly traded bank, even though WaFd would be the legal survivor of the…...
Oracle Cloud Infrastructure Revenue Jumps 121% as AI Backlog Swells
2+ day, 13+ hour ago (385+ words) The results also show the financial demands behind that expansion. Oracle’s fiscal first-quarter release, issued Sept. 10 for the quarter ended Aug. 31, reported record operating cash flow of $23 billion but free cash flow of negative $5 billion as it added data-center capacity....
DOJ Second Request Extends Fox-Roku Merger Review
3+ day, 1+ hour ago (393+ words) Fox Corp. and Roku Inc. said the U.S. Department of Justice has issued a Second Request for information and documents in its antitrust review of their proposed merger, putting the deal on a longer regulatory timetable than the initial Hart-Scott-Rodino waiting…...
Independence Realty Trust, Centerspace Agree to All-Stock Apartment REIT Merger
4+ day, 1+ hour ago (463+ words) Independence Realty Trust and Centerspace have agreed to combine in an all-stock merger that would create a publicly traded apartment owner with projected enterprise value of about $8.1 billion. The pending deal would retain the Independence Realty Trust name and its…...
China Unveils 360 Billion Yuan Recapitalization Plan for Eight Lenders and Insurers
6+ day, 1+ hour ago (536+ words) findarticles.com Chinese state financial institutions have announced capital-increase plans totaling 360 billion yuan ($54 billion) for eight banks, policy-finance groups and insurers, according to multiple reports. The measures, disclosed on Sept. 6, combine proposed private A-share placements at three listed lenders and…...
Paramount Skydance Delays Warner Bros. Discovery Closing Amid 12-State Suit
1+ week, 1+ day ago (405+ words) Paramount Skydance has agreed to delay closing its proposed acquisition of Warner Bros. Discovery while a California-led group of 12 states pursues an antitrust lawsuit, leaving a transaction valued in published accounts at roughly $110 billion to $111 billion in legal limbo despite…...
Google Avoids Forced AdX Sale in U.S. Ad-Tech Case
1+ week, 3+ day ago (410+ words) Google will not be required to sell its AdX advertising exchange under the initial remedy decision in the Justice Department’s advertising-technology monopoly case, a major setback for the government’s effort to impose a structural breakup after winning on liability last…...
SB Energy IPO Filing Reveals Reliance on OpenAI
1+ week, 4+ day ago (264+ words) CNBC reported that SB Energy’s filing also flags community opposition, local moratoria and broader resistance to AI-related infrastructure as risks to its data-center and power-generation businesses. Those cautions are material for a company whose planned campuses require both land development…...
SpaceX’s $60 Billion Cursor Deal Reportedly Closed in August
1+ week, 4+ day ago (554+ words) SpaceX’s $60 billion acquisition of Anysphere, the maker of AI coding tool Cursor, reportedly moved from signed agreement to completed transaction in August. A Reuters report published Aug. 29 said SpaceX had completed the all-stock purchase earlier in the month, providing a…...