Press Digest: Wall Street Journal - August 18
PRESS DIGEST -Wall Street Journal - August 18 Aug 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Paramount PSKY.O on Monday asked a judge to require 12 states and the Writers Guild of America to put up a nearly $1.9 billion bond for challenging its acquisition of Warner Bros Discovery WBD.O, money that would go to the company if it ultimately wins the case.
- Investment firm General Atlantic is considering going public again reviving listing plans that had been stalled for nearly three years.
- OpenAI has signed a 10-gigawatt data-center deal in Ohio with SoftBank's SB Energy that is partly backed by Nvidia, a project expected to become one of the largest artificial-intelligence hubs to date.
- U.S.-based Madison Air Solutions MAIR.N said on Monday it would buy German fan maker Ebm-Papst in a $5.4 billion deal, expanding its air quality and ventilation business in a drive to tap the fast-growing data-centre cooling market.
- Alibaba Group 9988.HK is selling its video game business in a deal worth at least $1.5 billion as the Chinese company shifts its focus to artificial intelligence.
(Compiled by Bengaluru newsroom)