Sky has agreed to buy ITV's media and entertainment business for £1.6 billion base with up to an additional £200 million earn-out, gaining its broadcast channels and ITVX platform. The move aims to build scale against streaming giants and YouTube but faces regulatory scrutiny over media plurality.
Sky will also gain control of Love Productions, the company behind the Great British Baking Show and competitions such as the Great British Sewing Bee.
https://x.com/engadget/status/2074107355063546006
If regulators approve the deal, the new business would sit behind the BBC and ahead of YouTube.
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Visa announced it will acquire Israeli fraud-detection startup BioCatch for $2.4 billion in cash from Permira and other investors. The purchase centers on behavioral biometrics technology and expands the payments company’s fast-growing value-added services business as global fraud losses surpass $1 trillion a year.
Visa plans to cut about 2,600 jobs, representing roughly 7% of its workforce, with AI cited as a significant but not sole factor. The company will redirect savings into growth areas such as affluent customers, cross-border activity and geographic expansion as it reports quarterly earnings the same day.
CXMT shares jumped nearly 466% in their Shanghai debut, closing at 49 yuan to reach a 3.3 trillion yuan market cap that exceeds every other China-listed firm. The $8.6 billion IPO haul will support memory wafer manufacturing while the firm commands 7.67% of the worldwide DRAM sector and stands to benefit from Beijing's semiconductor self-reliance campaign.
