newsmart – Business

koreatimes.co.kr | 13 hrs. 20 min. ago

Military academy merger plan delayed amid ongoing deliberations: official

A detailed road map for the planned integration of military academies will likely be announced later than originally planned to ensure the ongoing deliberations reflect the positions of all stakeholders, a Seoul official said Friday. The Lee Jae Myung administration is pushing to establish a single military academy by merging those of the Army, Air Force and Navy to enhance joint capabilities amid a declining birth rate and changing warfare environment driven by drones and artificial intelligence technologies.

However, the plan has faced strong pushback from active-duty service members and alumni groups, who regard the move as a politically motivated effort to weaken the Army and argue it will erode the capabilities of the individual service branches. "We think that it will be physically difficult to announce (the detailed plans) before the end of this month," a defense ministry official told reporters on background.

"We are still in the process of gathering opinions." The delay appears to reflect Defense Minister Kang Shin-chul's earlier indication the ministry may rethink the plan cons

nypost.com | 19 hrs. 16 min. ago

SpaceX now says potential blockbuster Tesla merger would need Elon Musk’s approval

Musk has recused himself from talks between his two companies because of conflicts of interest.

businessinsider.com | 19 hrs. 17 min. ago

These are the tech and product leaders who survived the Paramount-WBD merger — and the ones who are out

Skydance is consolidating its tech and product team as it decides who should stay on post-merger, a new memo reveals.

nypost.com | 1 days ago

Getty Images files for bankruptcy amid mounting debt and AI competition

The content provider announced last week that it was planning to file in Delaware bankruptcy court after its near $4 billion merger with rival Shutterstock collapsed due to British antitrust challenges.

businessinsider.com | 1 days ago

The pros and cons investors will have to weigh if Tesla and SpaceX tie the knot

Tesla and SpaceX are exploring a merger that would test investors' faith in Musk's biggest ambitions.

businessinsider.com | 1 days ago

SpaceX-Tesla merger could create a Frankenstein's monster Wall Street can't value

A merger could leave investors wrestling with a sprawling, complex conglomerate.

independent.co.uk | 1 days ago

The SpaceX-Tesla mega-merger could finally navigate Musk's China problem

Tesla could continue ​to operate in ⁠China for years to come as a self-contained unit

npr.org | 1 days ago

Elon Musk says Space X and Tesla are considering a merger

CEO Elon Musk says both Space X and Tesla have formed special committees to discuss the idea of a merger, but a merger would require approval of 50% of shareholders.

euronews.com | 1 days ago

Tesla's profit drops as it explores a possible merger with Musk's other public company, SpaceX

Tesla reported a decline in third-quarter profit, but generated more cash than analysts expected, leaving investors with a mixed picture as it explores a possible merger with Elon Musk's other big company, SpaceX.

koreatimes.co.kr | 1 days ago

Musk's public endorsement of SpaceX-Tesla deal may throw a wrench in talks

NEW YORK — Elon Musk's public endorsement this week of a potential $3.5 trillion merger between SpaceX and Tesla has rattled some insiders involved in the discussions, who worry his comments could invite shareholder scrutiny and delay the process by several weeks, according to a person with direct knowledge of the talks.

The disclosure created a "mess" for the process, as it could lead to questions about how well Tesla shareholders' interests would be represented, the person said. The concerns reflect similarities some participants see with Tesla's 2016 acquisition of SolarCity, which sparked years of litigation over Musk's role in the deal.

Musk, who serves as CEO of both SpaceX and Tesla and owns significant stakes in each company, this week told investors that the two companies were examining what would be the largest corporate transaction in history and revealed that both had formed special committees to evaluate it.

The backlash to those remarks is reported here for the first time. The parties have hired advisers, but discussions are at an early stage, three sources familiar with

koreatimes.co.kr | 1 days ago

Regulators weigh antitrust safeguards as Naver-Dunamu deal stalls

Financial authorities said Thursday that they are considering safeguards to address concerns over potential market dominance arising from the merger of Naver Financial and Dunamu. "The Fair Trade Commission (FTC) is currently conducting a thorough review of whether the proposed merger between Naver and Dunamu would restrict competition," the Financial Services Commission said in a written response to Rep.

Lee Kang-ill of the ruling Democratic Party of Korea. "Similarly, under the proposed Digital Asset Basic Act, we are considering safeguards to ensure that cryptocurrency exchanges, which serve as critical market infrastructure, maintain their public interest role and neutrality without being subject to undue influence from any particular company or shareholder," it added.

Last November, Naver Financial announced plans to make Dunamu a wholly owned subsidiary through a comprehensive share swap. With the deal, Naver Financial aims to tap into new growth opportunities in digital assets. Dunamu would gain foundation to expand beyond its existing cryptocurrency exchange and integrate with Na

smh.com.au | 1 days ago

Sky’s not the limit: $5 trillion sci-fi deal could bring Musk closer to Mars

A merger of Tesla and SpaceX makes a lot of sense for the world’s richest man and his shareholders.

ft.com | 1 days ago

Musk sets lower sales target for Tesla as it explores SpaceX merger

Carmaker reports flat revenue and falling profits as it pivots from electric vehicles to AI

ft.com | 1 days ago

What Elon Musk stands to gain from a Tesla-SpaceX merger

A merger of Elon Musk’s listed companies has some logic, but other shareholders might end up with less influence than they have today

nypost.com | 1 days ago

Tesla revenue beats estimates as deliveries rebound — but AI spending weighs on profit

Results come as Wall Street weighs a possible merger with SpaceX.

koreatimes.co.kr | 1 days ago

Nasdaq climbs over 1% as SpaceX, Super Micro improve AI sentiment

The tech-heavy Nasdaq led gains on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks, while Netflix slipped as its forecast failed to impress investors. Elon Musk's rocket and space technology firm rose 9.8 percent after he said on Tuesday that a merger of SpaceX and Tesla would be "a good idea".

SpaceX also posted its first profit as a public company. Tesla shares were up 3.5 percent. Super Micro jumped 10.3 percent to the top of the S&P 500 after the AI server maker forecast quarterly revenue and profit margin above Wall Street estimates, signaling that AI demand remained resilient.

Peers HPE and Dell rose 2.2 percent and 4.5 percent, respectively. Investors drew comfort from the reports as concerns over the profitability of the AI buildout triggered a selloff in AI-linked stocks last week, with data center operator CoreWeave at the center of the storm.

Its shares were marginally down, suggesting lingering caution in the sector. "The sentiment around tech has shifted ... There's a lot of stress in the credit markets right now t