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Industry Keyword: FT

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News Short: FT suggests UK regulator set to block Meta’s Giphy deal

The UK competition regulator is expected to block Meta Platforms' acquisition of online GIF platform Giphy in the coming days, the Financial Times reported on Monday. The Competition and Markets Authority is set to reverse...

FT: TikTok owner ByteDance aims for Hong Kong IPO by early 2022

ByteDance, the Chinese owner of short video platform TikTok, has revived its plan to go public with a listing in Hong Kong by early 2022 after addressing Chinese regulators' concerns, the Financial Times has...

EU set to unveil plans for bloc-wide digital wallet

The European Union (EU) is set to unveil plans for a bloc-wide digital wallet on Wednesday, following requests from member states to find a safe way for citizens to access public and private services...

Facebook has six months to determine if Trump returns

Facebook's oversight board upheld the company's suspension of former US President Trump but said the company was wrong to make the suspension indefinite and gave it six months to determine a "proportionate response." President Trump...

Google: ‘not up to us’ to dictate how news companies spend its $1 billion

Google has reached licensing deals with over 600 news outlets around the world and is seeing a "huge increase" in users requesting more content from specific publications as part of a new program. The update...

Microsoft approached Pinterest about a potential deal (FT)

Microsoft is said to have approached Pinterest in recent months about a potential deal to acquire the $51 billion social media company, the Financial Times reported yesterday, citing people briefed on the matter. The negotiations...

Facebook’s Libra is to launch as early as January but scaled back

The Switzerland-based Libra Association which will issue and regulate Libra intends to launch a single electronic coin backed by the buck, the FT newspaper has said. The move would represent an even bigger scaling-back of...

SoftBank renews talks on taking the group private

SoftBank Group executives are considering carrying the Japanese tech group private as the company seeks a fresh plan after disposing of many large assets, the Financial Times has reported. The discussions are driven by frustrations...

SoftBank shares slide 7% as tech stock options bets unnerve investors

SoftBank Group closed some 7% down as the Japanese conglomerate's bets on equity derivatives tied to listed platform businesses made investors uneasy amid a decline in markets. Shares dropped below 6,000 yen for the first...

Oracle enters race to buy TikTok’s US operations

The Financial Times newspaper has reported that Oracle has held preliminary talks with TikTok's owner, ByteDance, and is said to be seriously considering buying the viral short-video app's operations in the United States, Canada,...