Diamond Sports, the biggest proprietor of regional sports networks, has filed for bankruptcy
On March 29, 2020, Diamond Sports, the largest owner of regional sports networks in the United States, filed for Chapter 11 bankruptcy protection. The company, formerly known as Fox Sports Networks, owns and operates 19 regional sports networks across the country, including Fox Sports Arizona, Fox Sports Detroit, and...
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The company owned by the Spy Chief of UAE has invested in ByteDance at a valuation of $220 billion.
The Abu Dhabi AI firm G42 owned by the Spy Chief of UAE has invested in ByteDance. The Company was valued at about $220 billion in a recent private market by Abu Dhabi artificial intelligence firm G42, a significant discount to the $300 billion set in the TikTok owner's...
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Global financial stocks lose $465 billion due to SVB effect
In recent times, the Global financial stocks of technology industry has been at the forefront of global economic growth. Among the most successful tech companies are those based in Silicon Valley. However, a recent announcement by Silicon Valley Bank (SVB) caused a significant drop in financial markets worldwide, leading...
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SpaceX says it will test cellular service on the Starlink satellite with T-Mobile this year
SpaceX has announced that it plans to test cellular service on the Starlink satellite network in partnership with T-Mobile later this year. The test will involve using Starlink's satellite internet service to provide cellular connectivity in remote areas where traditional cell towers are not available. The move comes as...
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According to reports, there is an ongoing auction process to seek out a purchaser for Silicon Valley Bank.
Silicon Valley Bank, one of the most prominent and influential banks in the technology industry, is reportedly up for sale in an ongoing auction process. The bank has been a key player in the tech industry since its founding in 1983, providing banking services to startups and established companies...
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