Author: admin
Bending Spoons, one of Europe’s largest mobile app developers, announced on Wednesday that it has agreed to buy AOL from Yahoo, which is backed by private equity giant Apollo. Bending Spoons says it has secured a $2.8 billion debt financing package to support the purchase. The acquisition is expected to close by the end of the year and is subject to closing conditions and regulatory approvals. “AOL is an iconic, beloved business that’s in good health, has stood the test of time, and we believe has unexpressed potential,” said Bending Spoons CEO and co-founder Luca Ferrari in a press release.…
Expanding its global portfolio, Grand Metropolitan Hotels (GMH) has announced the takeover of Signature Hotels.The acquisition will expand the hotel management company’s footprint across the UK, Middle East, Africa, Southeast Asia and India. Signature Hotels currently operates boutique and upper-midscale properties throughout London with two additional properties opening during the next year. Signature also has two properties under development in India. Grand Metropolitan Hotels’ plan is to integrate Signature Hotels’ operational and management teams into its existing structure, ensuring a seamless transition and continued focus on service excellence. The Signature Hotels brand will remain part of the GMH portfolio and…
Google announced this week it is working with NextEra Energy to revive a nuclear power plant in Iowa that had closed in 2020. NextEra has been looking for a partner to reopen the reactor for the past year, and it found one in Google, which has been steadily adding zero-carbon energy sources to power its growing data center fleet. Neither company disclosed financial terms of the deal. The Duane Arnold Energy Center was shuttered after a summer derecho (major rain storm) damaged a part of the secondary containment system that would prevent the release of radioactive gases. The power plant…
by Bert Archer Last updated: 11:45 AM ET, Wed October 29, 2025 Some luxury properties literally hover above hoi polloi, on mountains in Switzerland, on the top floors of 100-storey towers. But they hover above the places and cultures of their locales at their peril.According to the advisors I spoke with at the recent Travel Leaders International Luxury Forum in Opatija, Croatia, today’s increasingly seasoned, increasingly sophisticated luxury traveller wants their five stars served with a side of local specificity. But often, the corporations and families with the will and means to open new five-star hotels in Opatija, as elsewhere,…
Peter Williams, the former general manager at defense contractor L3Harris, has pleaded guilty to selling surveillance technology to a Russian broker that buys “cyber tools,” the U.S. Department of Justice confirmed Wednesday. “The material, stolen over a three-year period from the U.S. defense contractor where he worked, was comprised of national-security focused software that included at least eight sensitive and protected cyber-exploit components,” read the DOJ’s press release on Wednesday. “Those components were meant to be sold exclusively to the U.S. government and select allies.” TechCrunch previously exclusively reported, citing four former Trenchant employees, that the company was investigating a…
The Eli Lilly & Co. logo at the company’s Digital Health Innovation Hub facility in Singapore, on Thursday, Nov. 14, 2024.Ore Huiying | Bloomberg | Getty ImagesEli Lilly and Walmart on Wednesday said they have teamed up to expand access to the drugmaker’s weight loss drug Zepbound, allowing U.S. patients to get vials of the blockbuster injection at direct-to-consumer prices through retail locations for the first time. The announcement comes as Eli Lilly works to maintain its dominance over rival Novo Nordisk in the booming market for a class of obesity and diabetes drugs called GLP-1s. It also comes as the…
Reservations are now being accepted for Nashville’s newest property, Dolly Parton’s SongTeller Hotel, and pre-ticket sales available for Dolly’s Life of Many Colors Museum, both opening in June 2026.Designed as a love letter to the city of Nashville, the hotel features 245 uniquely designed rooms and suites with Southern-inspired charm and storytelling. Two live music venues, Parton’s Live and Jolene’s will feature performances from Nashville artists, cocktails and Nashville cuisine. “I am very excited about the opening of my Nashville hotel and museum next year” said Dolly Parton in a statement. “Broadway has become such a hub of tourism, this…
After a small startup exit and being turned down by every VC firm he applied to, Tim Chen began angel investing and eventually stumbled into raising his own fund. Now, as the solo investor behind Essence VC, he just closed his fourth fund at $41 million “without even trying.” Chen’s secret weapon? Being technical enough to debate PhD founders on implementation details while understanding the market dynamics that turn scrappy startups into category leaders. Today on TechCrunch’s Equity podcast, Julie Bort sat down with Tim Chen to explore the rise of solo VCs and who’s rewriting the traditional venture playbook. …
U.S. Food and Drug Administration Commissioner Marty Makary speaks during a press conference alongside U.S. Secretary of Health and Human Services Robert F. Kennedy Jr., and Centers for Medicare & Medicaid Services Administrator Mehmet Oz, discussing administration plans to lower drug costs, at the Department of Health and Human Services in Washington, D.C., U.S., Oct. 29, 2025. Annabelle Gordon | ReutersThe Food and Drug Administration on Wednesday said it will take steps to speed up the process of developing generic versions of complex biological drugs, in a bid to increase cheaper competition for expensive medicines and lower drug costs for…
Hannah Grubbs, an influencer with over 360,000 followers across platforms, is facing criticism for posting about her vacation in Jamaica. Online audiences have questioned her tone, which seems to make light of the natural disaster. On Friday, Oct. 24th, Grubbs posted a TikTok of her and another traveler with the caption, “Us on our way to Jamaica during a hurricane,” referencing the Category 5 storm that made landfall on Tuesday, Oct. 28th. She has since changed the caption and avoided mentioning the storm. She made another post a few days later, claiming to be “pretending there’s not a category 5…