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Prosus targets $3.6bn from Just Eat in European food-delivery push

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Prosus is targeting $3.6bn in annual revenue from Just Eat Takeaway, the European food-delivery business it bought for €4.1bn last year, the Napers-controlled investor said in a strategy update on Tuesday. The figure sets a near-term commercial target for the asset that Prosus has spent the past nine months integrating. The company said it plans […]

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Palantir’s true believers are wearing this jacket

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In late April, Palantir – the software company that, in recent years, has perhaps become best known for its defense industry contracts and work with Immigration and Customs Enforcement – announced that it would be adding new products to its merch store. The latest offering was a cotton chore coat. At $239 and in bright […]

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Shein takes Temu to London’s High Court over “industrial-scale” copyright theft

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The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused Temu of copyright infringement “on an industrial scale” as a two-week trial opened at London’s High Court on Monday. Shein’s barrister, Benet Brandreth, told the court Temu […]

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SoftBank to manufacture large-scale batteries for AI data centres at former Sharp plant

Artificial Intelligence, Business, Digital Marketing, Next Featured, SEO Tips, Technology /

Target output is one gigawatt-hour a year. Partners are South Korea’s Cosmos Lab and DeltaX. Production opens for the fiscal year starting next April, with zinc-halide chemistry following in 2027. SoftBank Group’s mobile-services subsidiary will begin manufacturing large-scale battery cells at the Sakai, Osaka site that once belonged to Sharp, the company said on Sunday, […]

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Trump Media reports $405.9m Q1 loss, almost entirely from crypto markdowns

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Trump Media & Technology Group reported a $405.9 million net loss for the first quarter of 2026, the company said on Friday, almost all of it driven by unrealised losses on the cryptocurrency holdings it has spent the past nine months building. Operating cash flow was a positive $17.9 million; total financial assets stood at […]

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G2A names CVC veteran Krzysztof Krawczyk as advisory board chair after taking minority stake

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The digital marketplace with Polish origins, which has scaled to nearly $400m in annual GMV without external funding, brings in one of Central Europe’s most experienced private-equity operators to guide its next phase of M&A and global expansion. After 16 years of organic growth, G2A is letting an outsider into the room. The Polish-founded digital […]

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Lime files for a Nasdaq IPO under the LIME ticker, the first big micromobility test in eight years

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The San Francisco scooter-and-e-bike operator goes public as Neutron Holdings with Goldman Sachs and JPMorgan as joint book-runners. $686m in 2024 revenue and two consecutive years of free cash flow give it a financial profile that the rest of the category never reached. Lime, the Uber-backed shared scooter and e-bike operator, filed for a US […]

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