Topic: financial terms
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Apple Secures $750 Million F1 U.S. Streaming Rights for 5 Years
Starting in 2026, Formula 1 will stream exclusively in the U.S. on Apple TV under a five-year, $750 million agreement, ending ESPN's current rights after 2025. The partnership includes full access to all F1 sessions for Apple TV subscribers at $12.99/month, with some free content available, and i...
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Netflix ups Warner Bros. bid with all-cash offer
Netflix has revised its offer for Warner Bros. Discovery to an all-cash deal valued at $27.75 per share, aiming to accelerate the sale process and counter Paramount's competing hostile bid. The all-cash structure is intended to provide greater financial certainty and facilitate a quicker sharehol...
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Apple Reportedly Taps Google Gemini to Power Siri Revamp
Apple is reportedly developing a major Siri upgrade using Google's Gemini AI, with a custom model set to launch in spring 2026 on Apple's Private Cloud Compute infrastructure. The decision to partner with Google over Anthropic was driven by cost savings, as using Anthropic's Claude would have exc...
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Grubhub Parent Company Buys Restaurant Rewards Startup Claim
Wonder, Grubhub's parent company, has acquired the restaurant rewards startup Claim to integrate cash-back incentives into its dining ecosystem, enhancing tools for restaurants and savings for customers. The acquisition provides Grubhub's extensive restaurant network with advanced customer acquis...
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IBM Acquires Confluent for $11B to Boost Data Capabilities
IBM is acquiring data infrastructure firm Confluent for $11 billion to strengthen its position in the competitive cloud and AI markets. Confluent's real-time data stream management technology is highly valuable for AI applications and will enhance IBM's data and AI product portfolio. This acquisi...
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Trump Jr.-backed firm wins $620M government contract
Vulcan Elements, a rare-earth magnet startup, has secured a $620 million U.S. Department of Defense contract, the largest ever from the Pentagon's Office of Strategic Capital. The contract is part of a broader government initiative to strengthen the domestic supply chain, and it follows a trend o...
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Wikipedia to License Content to AI Companies
The Wikimedia Foundation has established new paid licensing agreements with major tech firms like Microsoft, Meta, and Amazon, formalizing their use of Wikipedia content to train AI models and creating a revenue stream. These deals, managed through Wikimedia Enterprise, provide structured API acc...
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Apple Picks Google Gemini to Power Siri's AI Upgrade
Apple has entered a multi-year partnership with Google, selecting its Gemini AI models to power a major upgrade to Siri and the broader Apple Intelligence system. The deal involves Google's cloud technology for core AI features, while Apple's own on-device and Private Cloud Compute models will ma...
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eBay Acquires Social Marketplace Tise in Strategic Expansion
eBay has acquired the social marketplace Tise to strengthen its position in the resale market and connect with younger consumers, particularly Gen Z and millennials. The acquisition will integrate Tise's community features, such as following sellers and interactive listings, to enhance eBay's con...
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Google Revives Shuttered Nuclear Power Plant
Google has partnered with NextEra Energy to recommission the Duane Arnold nuclear plant in Iowa, aiming to provide carbon-free electricity for its data centers after the facility closed in 2020 due to storm damage. The tech giant will purchase the majority of the plant's power under a 25-year agr...
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Disney Merges Hulu Live TV With Fubo in Major Streaming Deal
Disney and Fubo have merged their Hulu + Live TV operations, creating the second-largest virtual pay-TV provider in the U.S., with Disney holding a controlling 70% stake and serving nearly six million subscribers. The merger led to Fubo dropping its antitrust lawsuit and the dissolution of the Ve...
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Perplexity Invests $400M in Snapchat to Boost AI Search
A $400 million partnership will embed Perplexity's AI search engine into Snapchat by early 2026, providing its 943 million monthly users with instant, sourced answers directly within the app. Users will access Perplexity through Snapchat's Chat to ask questions and receive conversational, cited r...
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Boeing's Carbon Problem: How Charm Industrial Is Cleaning Up
Boeing has partnered with Charm Industrial to eliminate 100,000 metric tons of atmospheric carbon by purchasing carbon removal credits, supporting sustainability through innovative technology. The aviation industry is investing in carbon offsets as a more immediate and cost-effective alternative ...
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OpenAI Buys AI Startup From Ex-Apple Engineers
OpenAI has acquired Software Applications Inc., a startup that develops AI-driven interfaces for Mac desktops, to enhance AI's role in everyday computing tasks. The acquisition includes integrating the startup's technology into ChatGPT and bringing on its entire team of around twelve employees, a...
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OpenAI's New Acquisition Paves Way for OS Integration
OpenAI has acquired Software Applications Incorporated (SAI) to enhance AI integration at the operating system level, bringing in the team behind the macOS interface layer Sky. The acquisition will integrate Sky's seamless macOS capabilities and design into ChatGPT, with the entire SAI team trans...
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Ahrefs Acquires Detailed.com and SEO Extension; Founder Joins Team
Ahrefs has acquired Detailed.com and its SEO browser extension, integrating its on-page auditing tools and user base to enhance its offerings for SEO professionals. The acquisition includes Detailed's founder joining Ahrefs full-time, and the extension will remain free with no immediate changes f...
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Anthropic and Accenture Forge Major AI Partnership
Anthropic and Accenture have formed a strategic alliance, creating a dedicated business unit to deeply integrate Anthropic's Claude AI models into enterprise client solutions. The partnership includes training for Accenture's workforce and provides tools to help clients measure AI investment retu...
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Netflix Outbids Rivals for Warner Bros. Content
Netflix is the leading candidate to acquire Warner Bros.' studio and streaming division, a move that would consolidate major franchises like Harry Potter and DC Comics under its control. The deal, valued at $30 per share and including a $5 billion break-up fee, was secured against rivals like Com...
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