Ellison offers $40.4 billion guarantee to beef up Paramount’s Warner Bros bid

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AI spending spree drives global tech debt issuance to record high

Dec 22 (Reuters) – Global technology companies have ramped up debt issuance this year to record levels, as an intensifying race to build artificial intelligence capacity forces even cash-rich firms to borrow heavily to fund that investment.According to Dealogic data, global tech companies issued $428.3 billio …

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Ellison offers $40.4 billion guarantee to beef up Paramount’s Warner Bros bid

Dec 22 (Reuters) – Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance’s latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing on Monday, seeks to allay the …

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Netflix refinances part of $59 billion bridge loan tied to Warner Bros deal

The streaming giant, which is preparing for one of the biggest media deals in history, secured a $5 billion revolving credit facility and two $10 billion delayed-draw term loans, leaving about $34 billion of the bridge facility to be syndicated.Proceeds will be used to pay the cash portion of the deal, relate …

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Uber, Lyft partner with Baidu for UK robotaxi trials next year

As part of the partnerships, Baidu’s Apollo Go RT6 vehicles will join the London networks of the ride-hailing platforms in 2026, marking the first direct competition between U.S. and Chinese autonomous giants in a European capital, following Alphabet-owned Waymo’s recent start of supervised tests in the city. …

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