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Microsoft hasn’t ruled out spinning off Xbox

13 June 2026 at 17:29
Asha Sharma on a background of green Xbox logos.
Asha Sharma. | Image: The Verge, Microsoft

Microsoft is preparing to lay off a significant chunk of its Xbox division and is reevaluating the plans for its next-generation Project Helix console. It's apparently also considering dramatically restructuring its relationship with Xbox, and hasn't ruled out spinning it off into a separate company.

A new report from The Information suggests that Microsoft has considered some dramatic measures to make its Xbox unit more sustainable. That includes turning it into a wholly owned subsidiary, a joint venture, or even spinning it off entirely, with the possibility of selling the business. The report doesn't suggest anything is imminent, but it …

Read the full story at The Verge.

Justice Department Approves Paramount's $111 Billion Acquisition of Warner Bros.

By: BeauHD
12 June 2026 at 23:00
The Justice Department has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery without requiring divestitures or other concessions. The deal still faces scrutiny from state attorneys general. Politico reports: The decision, expected to be announced Friday, paves the way for Paramount to combine with the entertainment and media company behind a vast film and television studio, CNN, and the HBO Max streaming service, which would be combined with Paramount+ to create a new offering boasting about 200 million subscribers. The deal, which would upend the Hollywood ecosystem by combining two historic rival studios, is opposed by many in the entertainment industry who fear it could lead to mass layoffs, among other concerns. After an extensive review, DOJ officials determined the transaction did not pose a threat to competition and declined to challenge it, said the people, who were granted anonymity to discuss sensitive matters. The department approved the merger without requiring any divestitures, behavioral remedies or concessions, according to one of the people. [...] The DOJ's approval does not end the merger's legal scrutiny. California Attorney General Rob Bonta has been reviewing the transaction and could still sue to block the deal despite federal regulators signing off. A spokesperson for Bonta's office told POLITICO earlier this week "the Paramount acquisition of Warner Brothers remains an active investigation." [...] Throughout those discussions, Paramount maintained that the merger would strengthen competition rather than diminish it, creating a media company better positioned to compete with streaming leaders and deep-pocketed technology rivals, according to people familiar with the matter. Hollywood workers fear the merger could trigger another wave of layoffs in an industry already reeling from years of consolidation. Critics argue that billions in promised cost savings will come at the expense of jobs, fewer opportunities for creators and greater concentration of power across film, television and streaming.

Read more of this story at Slashdot.

Elon Musk is the world’s first trillionaire

12 June 2026 at 17:24
Elon Musk with zeros and money falling from the sky.

Elon Musk's net worth has passed the trillion-dollar mark after SpaceX's IPO. His net worth, which was hovering around $800 billion before the IPO, includes the value of his 4.8 billion shares in SpaceX, along with his wealth from his other companies, like Tesla. Shares of SPCX opened at $150 and have remained well above the $138 benchmark that gives Musk a 13-figure net worth.

SpaceX combined Musk's rocket, AI, and social media platforms earlier this year, and said in its S-1 that its goal is to "build the systems and technologies necessary to make life multiplanetary, to understand the true nature of the universe, and to extend the light …

Read the full story at The Verge.

SpaceX’s massive IPO: all the latest news

12 June 2026 at 15:35

SpaceX raised $75B in record IPO—why insiders like Elon Musk are much likelier than public stock buyers to benefit

12 June 2026 at 15:00
Elon Musk's SpaceX is becoming a publicly traded company after selling 555.6 million shares in what was the biggest initial public offering in history. But my new research suggests that investors who bought those shares are unlikely to see the explosive growth that past IPOs had.

SpaceX is now public

12 June 2026 at 14:54
Elon Musk with big green arrow pointing up and money falling from the sky.

SpaceX is now a publicly traded company.

In one of the most highly anticipated and controversial public offerings of all time, the rocket venture helmed by Elon Musk started trading on Nasdaq on June 12th at the take-it-or-leave-it price of $135-per-share - though most retail investors will likely pay far more.

The IPO is historic for many reasons: SpaceX is hoping to raise $75 billion under the ticker symbol SPCX, which would make it the largest public offering in history. The company is controlled by Musk, who also runs Tesla, another trillion-dollar company. The IPO is expected to make Musk, who is set to control 85 percent of the voti …

Read the full story at The Verge.

Growing energy efficiency divide making renters sweat

12 June 2026 at 12:20
Households are motivated to reduce their energy consumption and help mitigate climate change, but unaffordable technologies and rental restrictions are preventing them from doing so, according to a recent Charles Darwin University (CDU) study. "The efficiency divide: Housing constraints on energy-saving practices in Darwin, Australia" was published in the journal Energy Research & Social Science.

Persistence, focus on tech makes U.S. 'serial acquirers' different

12 June 2026 at 02:20
In the U.S., unlike elsewhere in the world, the vast majority of mergers and acquisitions are conducted by "serial acquirers"—large, publicly traded firms that regularly acquire smaller companies. Around four in five M&A deals are made by these major players, including tech titans IBM, Google and Microsoft.

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