eBay Buys Depop from Etsy for $1.2 Billion Cash
eBay agreed to acquire second-hand fashion marketplace Depop from Etsy for $1.2 billion in cash. The deal, announced Wednesday, is set to close by mid-year.
Corporate
TPG CEO Winkelried Sets Up AI Taskforce
TPG CEO Jon Winkelried said the private equity giant is forming an AI taskforce to target investments in the sector. The firm, which oversees more than $300 billion in assets, sees software as a prime focus area.
Morgan Stanley Calls Microsoft Most Under-Owned Megacap Stock
Morgan Stanley analysts declared Microsoft the most under-owned megacap stock on Wall Street. The call arrives as the software giant's shares trade at their lowest multiples in years despite strong quarterly results.
Google 45W Charger Drops to $18 Record Low, 67W Flex at $35
Amazon slashed the official Google 45W USB-C Power Charger to a record low of $17.99 with Prime shipping. The pricier Google Pixel Flex Dual Port 67W model hit $35, its lowest price ever, as Pixel 10a pre-orders launch with free buds and trade-ins.
Maya Expands Operations Amid US IPO Speculation
Digital bank Maya is ramping up its financial services ecosystem in the Philippines while declining to confirm reports of a potential $500 million to $1 billion initial public offering in the United States.
SEC Proposes Stricter Rules for Corporate Governance Training
The Securities and Exchange Commission plans to overhaul its guidelines on mandatory corporate governance training for board members and key officers. The proposed rules aim to sharpen accreditation standards and broaden training content to meet global and local expectations.
Investors Urge Starbucks Shareholders to Oust 2 Directors Over Union Fight
A coalition of investors including New York state and city comptrollers called on Starbucks shareholders Wednesday to reject the reelection of two board members over the company's handling of labor unrest. The push targets lead independent director Jorgen Vig Knudstorp and Beth Ford, head of the board's Nominating and Corporate Governance Committee.