FTX looks for $9.4 bln in rescue funds from investors, rivals

Nov 10 (Reuters) – FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Over the past few hours, Bankman-Fried has discussed raising $1 billion each … Read more

Toshiba shares jump on report of possible Japanese-led $19 bln bid

TOKYO, Oct 13 (Reuters) – Toshiba Corp’s (6502.T) shares rose 7% on Thursday on a report of a potential Japanese-led $19 billion bid that could lead to foreign activist investors being bought out after years of tension. A consortium led by private equity firm Japan Industrial Partners has been given preferred status in a second … Read more

French TV shares slump after merger to challenge Netflix collapse

A view shows the headquarters of French television group M6 in Neuilly-sur-Seine, near Paris, France, May 21, 2021. REUTERS/Sarah Meyssonnier/File Photo Sign up now for unlimited FREE access to Reuters.com List PARIS/MILAN, Sep 19 (Reuters) – The collapse of a deal to form a French TV giant to challenge US streaming services like Netflix (NFLX.O) … Read more

French broadcaster gives up anti-Netflix merger deal

Sign up now for unlimited FREE access to Reuters.com List PARIS, Sep 16 (Reuters) – France’s two largest private broadcasters, M6 Group (MMTP.PA) and TF1 (TFFP.PA), scrapped their planned merger to fend off a resurgence of US streaming platforms, saying antitrust demands made the deal irrelevant. If successful, the deal would change the landscape of … Read more

Ubisoft CEO says still open to other partners after Tencent deal

Yves Guillemot, CEO of Ubisoft, speaks on stage during the Ubisoft E3 conference at the Orpheum theater in Los Angeles, California June 15, 2015. REUTERS/Mario Anzuoni Sign up now for unlimited FREE access to Reuters.com List ‘We can do whatever we want,’ says the founding CEO Ubisoft to make three mobile games with Netflix The … Read more

Crypto lender Voyager Digital suspends withdrawals, deposits

Stephen Ehrlich, CEO and Co-Founder Voyager Digital Ltd., speaks during the Piper Sandler Global Exchange and FinTech Conference in New York City, U.S., June 8, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register July 1 (Reuters) – Crypto lender Voyager Digital said on Friday it has suspended withdrawals, trading and deposits … Read more

Crypto hedge fund Three Arrows Capital considers asset sales, bailout – WSJ

June 17 (Reuters) – Cryptocurrency hedge fund Three Arrows Capital Ltd is exploring options, including the sale of assets and a bailout by another firm, the Wall Street Journal reported on Friday. The crypto market has suffered heavy losses, with companies such as Coinbase (COIN.O), Gemini, Blockfi and Crypto.com laying off thousands of employees, as … Read more

Baidu EXCLUSIVE in talks to sell majority stake in iQIYI, China’s answer to Netflix -source

Baidu plans to sell all of its holdings in iQIYI -sources Share sale can value iQIYI at around $7 billion -source The targeted iQIYI value will represent a price of $8.13/share The deal has attracted interest from PAG and China Mobile -source HONG KONG, June 15 (Reuters) – Chinese internet search engine giant Baidu Inc … Read more