Business News

Sony, Zee clashed over Russia assets, cricket deal before deal collapse

Sony and Zee disagreed over more than 20 compliance issues, including the Indian firm's failure to dispose of some Russian assets and its $1.4 billion Disney cricket rights deal, before their India merger was scrapped, according to internal emails reviewed by Reuters.

Elon Musk’s $50 billion Tesla pay was struck down. What happens next?

A landmark decision by Chancellor Kathaleen St. J McCormick of the Delaware Court of Chancery has left Tesla's board of directors facing a daunting challenge after she ordered the cancellation of Elon Musk's $50 billion stock options.

El-Salvador-will-stay-committed-to-bitcoin-after-election.html

Bitcoin will remain legal tender in El Salvador during the second term of President Nayib Bukele, his vice president said on Wednesday. Days before an election Bukele is expected to handily win thanks to a draconian gang crackdown

Byju’s Alpha unit files for Chapter 11 bankruptcy in Delaware

A unit of Byju’s, once one of India’s hottest tech startups, was put into bankruptcy in the US by a court-appointed agent who took over the shell company after it defaulted on $1.2 billion in debt. Byju’s Alpha Inc doesn’t have enough money to keep fighting with its parent company about the debt, according to court papers filed by the unit’s Chief Executive Officer Timothy Pohl.

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