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| Paramount wins Warner Bros.: The Hollywood studio said Paramount's new, higher bid was a better deal than the previously agreed-upon Netflix proposal. Netflix said it wouldn't try to match Paramount's offer.
EBay eliminates jobs: The e-commerce site is cutting 800 people, or 6% of its global employees. Apple Pay coming to India: The iPhone maker is in discussions with key Indian banks and global card networks in preparation to start Apple Pay in the world's most populous country. | |
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| Financial technology firm Plaid has raised a new round of funding at an $8 billion valuation, a jump from $6.1 billion assessed during fundraising in April. The closely held company, which was founded in 2013, raised the recent funds to offer employees a way to sell shares. | |
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| Nvidia produced positive quarterly results this week, including a 73% jump in revenue to more than $104 billion, but it wasn't enough for investors who drove the stock down Thursday, Ian King reports in today's Tech In Depth. The chipmaker, the most-valuable company in the world, seems to be a victim of its own success in the eyes of Wall Street, he writes. Get the Tech In Depth newsletter for analysis and scoops about the business of technology from Bloomberg's journalists around the world. | |
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| In this week's Soundbite, Ashley Carman lays out six big takeaways from the Podcast Business Summit. First on her list: The debate about audio versus video is over — video won. Sign up for the Soundbite newsletter to get exclusive reporting on podcasting, the music industry and audio trends from Ashley Carman. | |
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- Screentime for a front-row seat to the collision of Hollywood and Silicon Valley
- Soundbite for reporting on podcasting, the music industry and audio trends
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