A consortium’s A$13.2 billion buyout offer for BlueScope Steel is facing immediate pushback from key shareholders. They argue the A$30 per share price undervalues the company, setting the stage for a potential price hike.
A California state senator has introduced a bill to ban AI chatbot toys for children for four years. The move follows alarming reports of unsafe interactions and aims to give safety regulators time to catch up with the technology.
Africa’s largest fintech, Flutterwave, has acquired Nigerian open banking startup Mono. The deal, valued between $25 and $40 million, is a strategic move to integrate payments with financial data, reshaping the continent’s digital finance infrastructure.
After a year dominated by megadeals, the action is shifting to the middle market. Private equity firms are now overwhelmingly confident and planning to initiate a wave of new acquisitions, particularly in tech and financial services.
The competition for jobs at top AI companies is reaching insane levels. ElevenLabs, the voice AI startup, reportedly had an acceptance rate lower than Harvard University last year.
Saratoga Spring Water is making a major brand pivot. They’re moving beyond Michelin-starred chefs to pop-ups in 7-Eleven and partnerships with athletes, all leading to a new ad campaign launching January 5.
Hyundai’s Executive Chair Chung Euisun says the global auto industry is heading into a tough year where long-feared crises become reality. He points to U.S. tariffs, construction delays, and a critical need to boost AI capabilities to compete.
According to Bloomberg Business, the global stock market is now worth over $150 trillion after a 50% surge in five years. Wall Street expects the S&P 500 to gain another 11% in 2026, but the AI boom fueling it is built on a mountain of debt and extreme market concentration.
Oyo Hotels is making another run at going public. According to a Reuters report, the SoftBank-backed company has filed confidentially for an IPO in India, aiming for a valuation far below its initial ambitions. This comes after it posted a profit and got shareholder approval to raise fresh capital.
The attorney general of the US Virgin Islands has filed a lawsuit against Meta Platforms. It accuses the company of deliberately profiting from scam advertisements and misleading the public about safety efforts, especially for children.
