Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

Rupert Murdoch drops proposal to combine Fox, News Corp and Move sales

24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more

Hindenburg says he has short positions in India’s Adani

Hindenburg says he has short positions in India’s Adani

BENGALURU, Jan. 25 (Reuters) – Hindenburg Research said on Wednesday it has short positions in Adani Group companies through US-traded bonds and non-Indian-traded derivatives, causing shares of companies in the Indian conglomerate to slide. The short-seller said seven listed Adani companies are down 85% fundamentally due to skyrocketing valuations and that “major Adani listed companies … Read more

Microsoft is going to invest more in OpenAI as the tech race progresses

Microsoft is going to invest more in OpenAI as the tech race progresses

23 Jan. (Reuters) – Microsoft Corp. (MSFT.O) announced a further multi-billion dollar investment in OpenAI on Monday, cementing ties with the startup behind chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc’s (GOOGL) .o) Google. Microsoft recently touted a revolution in artificial intelligence (AI), building on a bet it made … Read more

Genesis crypto lending unit files for US bankruptcy

Genesis crypto lending unit files for US bankruptcy

20 Jan. (Reuters) – The lending unit of crypto firm Genesis filed for bankruptcy protection from the US on Thursday, owing at least $3.4 billion to creditors after being toppled by a market rout along with exchange FTX and lender BlockFi. Genesis Global Capital, a leading crypto lender, froze customer repayments on November 16 after … Read more