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

Google, Netflix under scrutiny in South Korea over network fees

SEOUL, Oct 21 (Reuters) – South Korea’s parliament witnessed heated debate on Friday over a proposed law to make global content providers such as Netflix (NFLX.O) and Alphabet (GOOGL.O) Google pays for South Korea’s network fees. The considerations reflect efforts in Europe by some countries who want the European Commission to pass legislation ensuring some … Read more

Cryptoverse: Flurry of funds bet on bruised bitcoin’s allure

Oct 18 (Reuters) – A growing number of funds are betting on the long-term appeal of bitcoin and ether, a gritty gambit in the depths of a crypto winter. Unfazed by a collapse in prices over the past 11 months, investment firms have unleashed a flurry of exchange-traded funds, anticipating that elite cryptocurrencies and their … Read more

Cryptoverse: Flurry of funds bet on bruised bitcoin’s allure

Oct 18 (Reuters) – A growing number of funds are betting on the long-term appeal of bitcoin and ether, a gritty gambit in the depths of a crypto winter. Unfazed by a collapse in prices over the past 11 months, investment firms have unleashed a flurry of exchange-traded funds, anticipating that elite cryptocurrencies and their … Read more

Wall Street rally highlights reports from Tesla, Netflix

Oct 18 (Reuters) – Investors are speculating about whether Monday’s big stock jump was the start of a recovery or another pause in the market’s downturn, and the answer may hinge in part on upcoming quarterly results from heavyweights including Tesla Inc (TSLA.O), Johnson & Johnson ( JNJ.N) and Netflix Inc (NFLX.O). The world’s most-tracked … Read more

Cryptoverse: Hack jitters push bitcoin investors back to the future

Oct 11 (Reuters) – It’s not easy being a crypto investor. They’ve seen the value of their holdings drop like a brick this year, and now many are stewing over the safety of their crypto cash after a series of heists that’s seen around $2 billion spirited away by hackers. Enter the ghost of technology’s … 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

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