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Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off
Posted inAlphabet Inc Artificial Intelligence Company Reports Computers and the Internet Google Inc Mergers, Acquisitions and Divestitures Pichai, Sundar Wiz Inc

Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off

Google’s parent company narrowly topped revenue and profit expectations, driven by its search engine and cloud unit, and it said A.I. investments were “driving new growth.”
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Posted by By Nico Grant
Google’s Plan to Buy Wiz for $23 Billion Falls Apart
Posted inAntitrust Laws and Competition Issues Cloud Computing Computer Security Computers and the Internet Google Inc Initial Public Offerings Mergers, Acquisitions and Divestitures Start-ups Wiz

Google’s Plan to Buy Wiz for $23 Billion Falls Apart

Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.
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Posted by By Nico Grant
Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal
Posted inK-Pop Kakao Entertainment Corp KakaoTalk Mergers, Acquisitions and Divestitures South Korea

Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal

Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.
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Posted by By Yan Zhuang and Jin Yu Young
From the Playing Field to Wall Street
Posted inAdvertising and Marketing audio-neutral-informative Entrepreneurship Football Kelce, Jason Mergers, Acquisitions and Divestitures National Football League Patricof Co Private Equity Social Media Venture Capital

From the Playing Field to Wall Street

For more than 200 pro athletes, the boutique investment firm Patricof Co. is opening the door to the private equity market.
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Posted by By Ken Belson

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