AT&T to spin off WarnerMedia in £32bn Discovery media merger February 1, 2022 AT&T announced today that it will spin off WarnerMedia in a $43bn (£32bn) transaction to merge its media properties with Discovery and also cut its dividend by nearly half.
Hiro Metaverse heads for £115m London listing as UK games industry booms January 31, 2022 Hiro Metaverse announced this afternoon that it plans to raise up to £115m by listing itself on the London Stock Exchange, as the blank-check company looks to tap into the video games and metaverse industries in the UK.
Comcast defies Wall Street estimates but falls down on broadband January 27, 2022 Comcast defied Wall Street estimates today, reporting fourth-quarter earnings of $3.06bn (£2.29bn), and boosting streaming numbers. This placed earnings per share at 77 cents adjusted, in parallel to the 73 cents estimated. The owner of Sky increased its dividend by eight per cent to 27 cents per quarter, and Brian L. Roberts, Chairman and Chief [...]
Telecom Italia on track to back new chief’s draft plan amid KKR’s lingering £9bn bid January 26, 2022 Italy's biggest phone group Telecom Italia (TIM) is set to give preliminary backing to a draft overhaul plan by its new chief executive, against which a takeover approach by U.S. fund KKR will be assessed.
EU aims to be ‘torchbearer’ introducing digital rights and principles January 26, 2022 The European Commission, in a global first, proposed a set of digital rights and principles this morning that aim to protect people's rights, support democracy and ensure a fair and safe online environment.
Google backtracks on cookies plans after ad backlash January 25, 2022 Alphabet Inc's Google announced its second try at enabling advertisers to buy ads based on users' browsing interests without having to rely on what it has described as privacy-invasive tracking cookies.
Ericsson exceeds market expectations with 5G boom offsetting Chinese losses January 25, 2022 Ericsson exceeds expectations as the Swedish firm benefits from the roll out of 5G networks, offsetting loss of Chinese market share.
TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
Amazon to open first US clothes store with a ‘tech twist’ January 20, 2022 Amazon is making another push to grow its fashion business, announcing today that it will open its first-ever clothes store store this year, with a tech twist.
Ericsson sues Apple for 5G wireless patents in iPhones January 18, 2022 Ericsson has filed another set of patent infringement lawsuits against Apple in the latest salvo between the two companies over royalty payment for use of 5G wireless patents in iPhones.
