Latest news with #corporatestructure
Bloomberg
11 hours ago
- Business
- Bloomberg
NTT Secures Backing for $16.3 Billion Deal to Take Over AI Arm
Nippon Telegraph and Telephone Corp. said it has secured enough bids to buy NTT Data Group Corp., with the deal worth ¥2.37 trillion ($16.3 billion) expected to boost its AI ambitions and simplify the corporate structure. The Japanese company will start the settlement on June 26, it said in a statement Friday. NTT, which owns about 58% of NTT Data, had last month offered ¥4,000 for every share it doesn't already own in the company with plans to take it private.
CNA
20 hours ago
- Business
- CNA
EU says it is probing corporate structure of Musk's X months after xAI deal
The European Union said on Thursday it was seeking more information from Elon Musk's X about changes to its corporate structure, months after the social media platform was bought by xAI in a $33 billion deal. "We are following closely changes in the corporate structure of X, as we would changes in any other designated platform," a spokesperson for the European Commission, the EU's executive arm, said. However, the spokesperson did not confirm an earlier report from Bloomberg News that said regulators were evaluating potential fines on X under the Digital Services Act. Before its summer recess in August, the regulator could announce a fine on X for alleged infractions under the DSA, though delays are possible, Bloomberg reported. Representatives for xAI and X did not immediately respond to Reuters requests for comment. Any firm found in breach of the DSA faces a fine worth up to 6 per cent of its global turnover, and repeat offenders may be banned from operating in Europe altogether. Earlier this month, X highlighted a disclaimer to its blue checkmark in an attempt to head off a possible hefty fine from EU antitrust regulators. The Commission issued preliminary findings under the DSA in July last year that X violated rules on deceptive design, especially by turning the blue checkmark into a paid verification, assigning false credibility to users. X had disagreed with the assessment.
Bloomberg
07-05-2025
- Business
- Bloomberg
Austria Tackles Tax Loophole Behind Defunct Signa's Opacity
Austria's government is looking to close a property transaction tax loophole that was seen as one of the reasons for the complex corporate structure at the bankrupt Signa conglomerate. In his budget tax bill submitted to parliament, Finance Minister Markus Marterbauer has proposed to raise the bar for landlords wanting to avoid the tax on property share deals by off-loading a minority stake to a different owner. The bill is currently under public review.
