major financial tech firm to embrace such digital currencies for payments and transfers. stablecoins are crypto tokens whose value is pegged to a stable asset and are currently mostly used to trade for other cryptocurrencies. publishing giant simon & schuster is to be sold to a private equity giant for $1.6 billion in cash. the deal with investor kkr marks the likely end of a years long saga for owner paramount global, which had been looking for a buyer for the book company since 2020. competition concerns had scuppered a previous deal, which valued the firm at more than $2bn. italy s cabinet have approved a 40% windfall tax on banks profits for 2023, with the money, thought to be in the billions of euros, set to be used to help mortgage holders and cut taxes, according to the deputy prime minister, matteo salvini, who criticised the banks for not passing on higher interest rates to savers.
changes to the firm s terms of service in march which they worried enabled ai training. zoom launched new ai powered features injune, one of which lets clients summarise meetings without having to record an entire session. publishing giant simon & schuster is to be sold to a private equity giant for $1.6 billion in cash. the deal with investor kkr marks the likely end of a years long saga for owner paramount global, which had been looking for a buyer for the book company since 2020. competition concerns had scuppered a previous deal, which valued the firm at more than $2 billion.
(Bloomberg) Adobe Inc.’s $20 billion takeover of design startup Figma Inc. is on course for an in-depth investigation from European Union merger regulators, adding to growing global scrutiny of the deal dubbed by Adobe’s boss as “transformational.” Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the B
The Competition and Markets Authority (CMA), the U.K.'s competition watchdog, has launched a detailed investigation into Adobe Inc's (NASDAQ: ADBE) $20 billion acquisition of Figma, a cloud-based design platform after Adobe declined to propose any solutions to allay the regulator's concerns. The deal, one of the largest takeovers of a private software maker, has a targeted completion in 2023. The CMA had previously voiced worries last month that the merger could reduce choices for digital apps,