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eToro nears $10b merger with Betsy Cohen

Bloomberg Trading platform eToro, a rival to Robinhood Markets Inc., plans to go public via a merger with a blank-check firm led by serial deal-maker Betsy Cohen, according to people with knowledge of the matter. The deal with FinTech Acquisition Corp. V will value the combined company at about $10 billion, the people said, asking not to be identified. The ...

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Facebook forges multiyear deal with News Corp in Australia

Bloomberg Facebook Inc. reached a multiyear deal with News Corp. in Australia, agreeing to pay Rupert Murdoch’s publishing arm for access to additional stories. The agreement resolves a dispute in the country between publishers and tech giants over payments for news articles. The deal includes content from News Corp.’s national newspaper, The Australian, as well as the Daily Telegraph in ...

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Europe stocks climb amid vaccine delay; oil declines

Bloomberg European stocks opened higher as investors looked past turmoil in vaccine rollouts towards the prospects for economic recovery in the region. The Stoxx 600 Index rose 0.4%, with virtually all sectors in the green, including travel and leisure shares which have erased their pandemic losses. Germany, France and Italy decided in a coordinated step to suspend the AstraZeneca Plc ...

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