All posts tagged: stake

The Trump administration might take an equity stake in OpenAI

The Trump administration might take an equity stake in OpenAI

Published by skeptic

President Donald Trump said on Friday that he’s spoken to AI companies about striking deals “where the American people can benefit from the success of AI.” Trump does not seem to have mentioned specific companies in his comments, but OpenAI is a likely candidate, especially after CNBC reported that the Trump administration has indeed been discussing an equity stake with the AI company. CNBC said some of that equity could be used to seed a “Public Wealth Fund” recently proposed by OpenAI. As outlined by the company, proceeds from the fund “could be distributed directly to citizens, allowing more people to participate directly in the upside of AI-driven growth, regardless of their starting wealth or access to capital.” According to Bloomberg, when reporters on Air Force One asked Trump about the idea, he replied that he’s been talking to AI executives about “concepts where pieces could be given to the American public, where the American public essentially becomes a partner with the companies.” Bloomberg also reports that CEO Sam Altman has been discussing the idea …

Amazon to Acquire Apple’s Globalstar Stake in Satellite Deal

Amazon to Acquire Apple’s Globalstar Stake in Satellite Deal

Published by skeptic

Amazon is acquiring Apple satellite provider Globalstar, and it has worked out a deal to take over Apple’s stake in the satellite company. According to an FCC filing noticed by PCMag, Amazon is initiating a merger structure. It will create a new subsidiary called Grapefruit Acquisition Sub II to absorb Globalstar’s operations, and then the new subsidiary will acquire Apple’s equity. Apple has 20 percent equity and 20 percent voting interests in Globalstar Licensee LLC, a Globalstar subsidiary that operates the satellite system that delivers satellite connectivity to iPhone users in the U.S. Apple invested $450 million in Globalstar back in 2022 to fund Globalstar’s satellite buildout for the Emergency SOS via satellite feature. Apple received 20 percent equity and 85 percent of Globalstar’s network capacity in return. Apple’s Globalstar stake required Apple and Amazon to enter into separate negotiations, but the two companies worked out a deal. Amazon’s Leo satellite network will power existing iPhone and Apple Watch satellite features like Emergency SOS, Messages via satellite, Find My, and Roadside Assistance via satellite. Apple …

Uber Builds Large Stake In Germany’s Delivery Hero As Takeover Speculation Builds

Uber Builds Large Stake In Germany’s Delivery Hero As Takeover Speculation Builds

Published by Jenni Sidey

Uber is exploring a potential takeover of Delivery Hero after building a large stake in the rival German food delivery company, Bloomberg News reports. This follows an earlier report that Uber had built a 19.5% stake. On Monday, Uber disclosed that it owns 19.5% of Delivery Hero, plus an additional 5.6% through options. The position was built with the help of Morgan Stanley traders, according to people familiar with the matter. Uber’s move to acquire Delivery Hero could be an attempt to expand Uber Eats’ global footprint and improve its competitive position against DoorDash outside the US. Delivery Hero operates in more than 60 countries, giving Uber exposure to markets where it is either underscaled or trailing its competitors. Map of Operatoins of Delivery Hero Brands “While Uber’s ultimate intentions on further stake-building remain unclear, we view the move as a clear endorsement of the strategic attractiveness of Delivery Hero’s asset base for Uber,” JPMorgan analysts wrote in a note. Earlier, Uber said it “currently” has no intention of increasing its stake in Delivery Hero …

Sony Buys Majority Stake in ‘Vanderpump Rules’ Producer 32 Flavors

Sony Buys Majority Stake in ‘Vanderpump Rules’ Producer 32 Flavors

Published by Daniella Wilson

Sony Pictures Television is beefing up its unscripted division. The studio has acquired a majority stake in 32 Flavors, the production company behind Bravo’s Vanderpump Rules and The Valley. Founded in 2023 by Alex Baskin, 32 Flavors also produces two Real Housewives series (Beverly Hills and Orange County) and Still Flipping Out for Bravo, Hulu and Freeform’s Love Thy Nader (starting with its upcoming second sesaon) and the podcast Shut Up Evan for Netflix. “Alex is one of the most passionate and hardest-working people in this business, with an impressive track record of building durable, culture-driving franchises,” Sony Pictures TV Studios president Katherine Pope said in a statement. “This deal reflects our broader strategy to invest in best-in-class creative talent and scale distinctive, globally relevant IP. As the market evolves, we see real opportunity in premium nonfiction, and 32 Flavors strengthens our ability to deliver high-impact, returnable formats that connect with audiences and buyers around the world.” Pope took on oversight of the Sony’s unscripted efforts after the departure of Sony Pictures Television Nonfiction heads Eli …

A test for Ukraine, a dilemma for Zelensky: What’s at stake in the Andriy Yermak corruption probe

A test for Ukraine, a dilemma for Zelensky: What’s at stake in the Andriy Yermak corruption probe

Published by Sam Flores

You’d think the fortune teller would have tipped him off. Ukrainian President Volodymyr Zelensky’s former chief of staff Andriy Yermak, who for years made key government appointments, drafted potential peace plans and held back-channel talks with both Washington and Moscow, was taken into pre-trial detention Thursday on money-laundering charges after a three-day hearing in Kyiv. The 54-year-old lawyer and former film producer stands accused of being involved in laundering more than $10 million in embezzled funds through the construction of lavish private mansions in the village of Kozyn on the capital’s southern outskirts.   The court has set Yermak’s bail at $3.2 million, which he says he doesn’t have. He told reporters outside the court that his lawyer would work with his friends to scrape the funds together.   During the hearing, prosecutors also alleged that Yermak had kept a secret phone that he used to regularly contact a Kyiv-based astrologer known as “Veronika Feng Shui” – identified as 51-year-old Veronika Anikiyevich – to advise him on government appointments. Yermak allegedly shared candidates’ birth dates …

What is at stake as Fatah holds its 8th general congress? | Elections News

What is at stake as Fatah holds its 8th general congress? | Elections News

Published by Sam Flores

EXPLAINER Delayed for years, the congress is seen as a pivotal moment for Palestinian leadership consolidation amid war and succession talk. The Palestinian National Liberation Movement (Fatah) is convening its eighth general congress on Thursday, May 14. While officially a routine organisational event, the gathering is taking place at one of the most volatile junctures in Palestinian history. Here is what you need to know about the congress and why it is being described as a “quiet battle” for the movement’s future. What is the Fatah General Congress? The congress is Fatah’s highest decision-making body. According to its internal bylaws, it should meet every four years to elect its top leadership: the 18-member Central Committee and the 80-member Revolutionary Council. This 8th congress was originally due in 2021 but has been delayed for five years. The previous meeting, the 7th congress, took place in 2016. Approximately 2,580 members are participating across four locations – Ramallah, Gaza, Cairo, and Beirut – to overcome the geographical fragmentation of the movement. Why is there talk of ‘engineering’ the …

Greg Brockman Defends B OpenAI Stake: ‘Blood, Sweat, and Tears’

Greg Brockman Defends $30B OpenAI Stake: ‘Blood, Sweat, and Tears’

Published by skeptic

Two days before the Musk v. Altman trial began, Elon Musk asked OpenAI cofounder and president Greg Brockman about reaching a settlement. When Brockman suggested both sides drop their claims, Musk responded, “By the end of this week, you and Sam [Altman] will be the most hated men in America. If you insist, so be it.” The message—which OpenAI’s lawyers made public on Sunday, and which Judge Yvonne Gonzalez Rogers subsequently refused to let the jury hear about—underscores what may be Musk’s larger goal in this trial. He appears to be trying to not only win over the jurors to potentially remove Brockman and CEO Sam Altman from power, but also stir up dirt on the two men and damage OpenAI’s public image. As Brockman took the stand on Monday, Musk’s attorney Steven Molo quickly started questioning him about his compensation at OpenAI. Brockman revealed that his equity stake at OpenAI is currently worth more than $20 billion, and perhaps up to $30 billion. While Brockman initially promised to donate $100,000 to OpenAI when it …

Battle of the Billionaires: What’s at Stake as Elon Musk and Sam Altman Face Off in Court

Battle of the Billionaires: What’s at Stake as Elon Musk and Sam Altman Face Off in Court

Published by Sam Flores

When Elon Musk finally faces off in court against Sam Altman this week, he’ll be forced to reckon with a question whose answer has seemingly eluded him his entire life: What exactly does he want? Sure, we know what he’s asking the federal court to do: force OpenAI and Microsoft to pay billions—OpenAI for allegedly defrauding him out of his donations, Microsoft for allegedly aiding and abetting that fraud. Also block OpenAI’s restructuring to a for-profit entity. Also strip Altman of his position of authority atop OpenAI. But one thing Musk wants to make sure we all know—the jury included—is that it’s not about the money. Just ahead of the trial, his side filed a motion saying he’s not going to touch a penny of the potential winnings. Instead, in a bit of pious showmanship, he promised it would all go to charity—specifically the nonprofit organization that governs OpenAI. So what does that leave him with? And why has the trial between Musk and Altman, which is ramping up to be a true spectacle, captivated …

What’s at stake for Iran and the US in Islamabad? | US-Israel war on Iran

What’s at stake for Iran and the US in Islamabad? | US-Israel war on Iran

Published by Sam Flores

NewsFeed Iran’s foreign minister is in Islamabad, with US envoys also on the way. Iranian officials deny they plan on holding talks with US delegates, but the visits have raised hopes the two sides can break the Strait of Hormuz deadlock with diplomacy. Published On 25 Apr 202625 Apr 2026 Click here to share on social media share-nodes Share googleAdd Al Jazeera on Googleinfo Source link

Timothée Chalamet Now Owns a Stake in This Revered Indie Watch Brand

Timothée Chalamet Now Owns a Stake in This Revered Indie Watch Brand

Published by Jenni Sidey

The most intriguing aspect of this new union will be Chalamet’s contributions to the brand—the early fruits of which we’ve apparently already seen, in the form of the custom colored straps the actor has worn on the red carpet. “When we first met, we were struck by Timothée’s curiosity and interest in independent watchmaking,” said Alex Rosenfield, UJ’s CEO. According to Chalamet, he’s been looking to contribute creatively to a watch brand for quite some time. “A couple of years ago,” he said, “a film director I admire deeply piqued my interest in artisanal watchmaking—not the flashy kind, but the kind that demands years of discipline, patience, and ultimately, mastery. I started to see it as a sibling to filmmaking—a precise expression, just on a different scale. One lives on an IMAX screen, the other within 48 by 40 by 10 millimeters, but both have the ability to hold entire worlds within them.” An equity stake and the chance to have input on a brand’s releases is a fascinating next step in Chalamet’s horological journey. …