Flying-motorcycle maker loses altitude in stock debut
Aerwins Technology Inc.’s stock lost about 56% of its value on Monday after the blank-check company Pono Capital completed its acquisition of the maker of battery-powered flying motorcycles. Aerwins was valued at $600 million when Pono Capital announced plans to buy the company in September. The stock fell to $5 a share on Monday after […]
Paramount+ and Showtime to integrate content, rebrand later this year
Media giant Paramount Global Inc. on Monday announced it plans to merge its Paramount+ streaming service with its premium cable channel, Showtime. The integration, set to take effect later this year, essentially means Showtime subscribers on cable will get to watch Paramount+ content, such as “1923” and “Star Trek: Picard,” and streaming subscribers to the […]
UnitedHealth’s EMIS Group acquisition faces U.K. competition probe
The U.K. Competition and Markets Authority will investigate the acquisition of EMIS Group PLC by UnitedHealth Group Inc., it said Friday. The CMA said it will investigate if the deal may result in a substantial lessening of competition, and set a deadline of March 17 for its phase-one decision. The watchdog has invited the parties […]
Data from 235 million Twitter users reportedly exposed by hacker
Data from 235 million Twitter accounts has been leaked and posted on an online hackers forum, free for anyone to download, according to reports late Wednesday. Researchers at Privacy Affairs reported the leaked data includes account names, handles, creation dates, follower counts and email addresses, and that the data could be used for phishing, doxxing […]