Warner Music Group Fully Acquires Africori
Warner Music Group (WMG) has finalized its full acquisition of Africori, a leading African music distribution, rights management, and artist development company. This move underscores WMG’s commitment to amplifying African music on the global stage.
Techarenan 2025
Innovation Summit happening February 20-21st in Stockholm, Sweden @ Strawberry Stadium.
TikTok and Black Girl Ventures Launch SOAR Accelerator
TikTok Shop and Black Girl Ventures have joined forces to launch 2025 Soar Together, a 6-week business accelerator program designed to empower Black-owned businesses.
Trump’s Revival of Trade Wars Brings Spotlight on Shein
US President Donald Trump’s tariffs on China and other countries are rocking markets and casting a pall over Chinese firms seeking to go public. US President Donald Trump’s tariffs on China and other countries are rocking markets and casting a pall over Chinese firms seeking to go public.
Charter’s Broadband Subscriber Losses Add to Woe for Cable TV
Charter Communications Inc. lost 177,000 broadband subscribers in the fourth quarter, worse than expected amid a very competitive market for internet access. Charter Communications Inc. lost 177,000 broadband subscribers in the fourth quarter, worse than expected amid a very competitive market for internet access. Bloomberg Technology
STMicro Eyes Workforce Cuts of Up to 3,000 in Chip Slump
STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition, according to people familiar with the matter, as the Franco-Italian chipmaker confronts a prolonged demand slump in the industrial and auto sectors. STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition, according to people familiar with the matter, as the Franco-Italian chipmaker confronts a prolonged demand slump in the industrial and auto sectors. Bloomberg Technology
Hotelbeds Owner HBX’s €750 Million IPO Sells Out in Hours
Spanish firm HBX Group International Plc received enough demand from investors for all the shares in its initial public offering within hours after subscriptions opened, indicating appetite for Europe’s biggest listing of the year so far. Spanish firm HBX Group International Plc received enough demand from investors for all the shares in its initial public offering within hours after subscriptions opened, indicating appetite for Europe’s biggest listing of the year so far. Bloomberg Technology
Price Tag for Amazon’s Mississippi Data Centers Jump to $16 Billion
Amazon.com Inc. is expected to spend 60% more than previously announced on a massive data center project in Mississippi, underscoring the escalating costs for artificial intelligence infrastructure. Amazon.com Inc. is expected to spend 60% more than previously announced on a massive data center project in Mississippi, underscoring the escalating costs for artificial intelligence infrastructure. Bloomberg Technology
Spirit Airlines Rejects Second Attempt to Acquire Company
Spirit Airlines has officially rejected a second acquisition bid, reaffirming its commitment to independence despite ongoing turbulence in the airline industry. The decision comes after months of speculation over Spirit’s future, with competing carriers eyeing its budget-friendly business model and valuable market share.