Applied Digital reported a significant increase in revenue to $126.6 million, a 250% rise year-over-year, and reduced net losses, highlighting progress in their data center projects and strategic financing efforts, including a $2.35 billion private notes offering and new lease agreements with hyperscalers, positioning the company for substantial growth in AI infrastructure.
Netflix has refinanced part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery's assets, including film, TV studios, and streaming services, in a deal that is expected to close after Warner Bros spins off its Global Networks unit in 2026. The refinancing includes a $5 billion revolving credit and two $10 billion delayed-draw loans, with about $34 billion remaining to be syndicated. Netflix's bid was successful in a competitive auction, beating a higher cash offer from Paramount Skydance.
Paramount has increased its hostile takeover bid for Warner Bros. Discovery, with Larry Ellison personally guaranteeing $40 billion of the $78 billion deal, amidst ongoing rejection from WBD's board and competition from Netflix. The bid includes a higher breakup fee and transparency about Ellison's family trust, but WBD's board and shareholders remain cautious, with the deal's future uncertain.
Sweden is progressing in negotiations to help fund Ukraine's potential purchase of up to 150 Gripen E fighter jets, possibly through export credits, aid, and frozen Russian assets, with some European countries potentially contributing to the financing.
First Brands' founder Patrick James is accused of committing large-scale financial fraud involving forged invoices, double-pledging inventory, and diverting funds for personal use, leading to a lawsuit and bankruptcy proceedings, with allegations of misappropriation totaling billions of dollars.
Meta has secured a record $27 billion in financing from Blue Owl to develop a large-scale AI data center, marking a significant investment in AI infrastructure.
The MacBook Upgrade Program by Upgraded offers a flexible, cost-effective way to own a MacBook by paying monthly and upgrading every 2 years, with options for custom builds, included AppleCare, and no resale hassle, making it ideal for professionals and Apple enthusiasts. Prices start at $33.28/month for MacBook Air and $52.17/month for MacBook Pro, with rates as low as 0% APR.
Meta Platforms is partnering with Pimco and Blue Owl Capital to secure $29 billion in financing for its data center expansion in Louisiana, aiming to boost AI development and infrastructure, amidst a competitive private credit market involving major firms like Morgan Stanley, Apollo, and KKR.
Buy now, pay later services are rapidly expanding, allowing consumers to purchase items like burritos, concert tickets, and cosmetic procedures on credit, reflecting a significant shift in consumer financing and behavior.
Upgraded offers a flexible MacBook subscription plan allowing users to finance a MacBook over 36 months with options to upgrade or keep the device, providing an affordable, environmentally friendly alternative to traditional purchasing, ideal for power users and casual fans alike.
Fervo Energy secured $206 million in funding to develop what will be the world's largest enhanced geothermal power plant in Utah, with initial operations expected in 2024 and expansion in 2028, leveraging advanced drilling technology and significant investment from notable backers like Breakthrough Energy Catalyst.
US Republicans criticize the EU for a perceived double standard regarding Polish election financing, amid broader EU initiatives to bolster European tech independence and regulate online safety, reflecting ongoing geopolitical and regulatory tensions.
New car inventories have reached a four-year high, but prices remain steady at around $49,000 due to high production costs and advanced features. While used car prices are dropping, financing and high interest rates continue to challenge buyers. Lower-priced vehicles under $30,000 are still in high demand and hard to find. Buyers should also consider rising auto insurance costs when purchasing a vehicle.
Cytokinetics CEO Robert Blum faces criticism for raising $500 million at $51 per share, which devalues the stock and aficamtem's potential. Additionally, the decision to revive the heart failure drug omecamtiv and the unfavorable terms of the Royalty Pharma loan are seen as poor management choices.
Adam Neumann has made an unsolicited bid of over $500 million to acquire WeWork out of bankruptcy, with the potential to increase to $900 million pending due diligence. The financing source for Neumann's bid is unclear, and his past track record at the company may affect WeWork's receptiveness to the offer. This bid comes after Neumann's renewed interest in taking back the company he was ousted from five years ago, and it may complicate WeWork's bankruptcy proceedings as the company seeks to reject numerous leases.
