Uber has announced it is acquiring the Hong Kong-based online cab-hailing platform FlyTaxi to expand its taxi services, ahead of the implementation of a regulatory regime for ride-hailing services later this year. In a statement on Friday, Uber said that its acquisition of FlyTaxi was part of its commitment to help grow the taxi industry and provide “greater economic opportunities” for drivers. It also said that FlyTaxi would continue to operate as normal and that nothing would change for...
Beijing’s decision to block Meta Platforms’ proposed acquisition of artificial intelligence firm Manus should not be seen as a restriction on foreign investment, Chinese state media said, urging companies in the sector to “go global when ready” and “pursue partnerships where appropriate”. “What stands out from Meta’s Manus deal is that the AI industry is transcending simple commercial logic,” Yuyuan Tantian, the influential social media account run by state broadcaster CCTV, said on Wednesday in...
The satirical faux-news site The Onion has signed a new, restructured deal to take over Infowars from conspiracy peddler Alex Jones. Under the new terms, the Onion would license Infowars from Gregory Milligan, the court-appointed manager of the site since August 2025, instead of buying its assets outright for US$1.75 million, as parent company Global Tetrahedron initially tried to do in a 2024 auction. Under the new agreement, submitted Monday to Texas state Judge Maya Guerra Gamble, Global...