Sarah Meyssonnier/Reuters Prosus is set to pocket about €2.1-billion – roughly R40-billion – from the sale of its remaining stake in Delivery Hero, after Uber on Thursday launched a takeover offer valuing the German food delivery group at US$14.8-billion (R242-billion). The Amsterdam- and JSE-listed technology investor, which is majority owned by Naspers, said in a…
Nvidia has announced a massive multiyear agreement to supply Meta Platforms with millions of its high-performance artificial intelligence chips. The deal covers a broad spectrum of Nvidia’s hardware, including the current Blackwell architecture and the forthcoming Rubin AI chips. Crucially, the agreement also includes Nvidia’s Grace and Vera central processing units (CPUs), signalling a direct…
Mike Blake/Netflix Netflix has agreed to buy Warner Bros Discovery’s TV and film studios and streaming division for US$72-billion, excluding debt, a deal that would hand control of one of Hollywood’s most prized and oldest assets to the streaming pioneer that has upended the media industry. The agreement, announced on Friday, follows a weeks-long bidding…
