Bloomberg WeChat creator Allen Zhang is counting on a breakthrough in video to thwart TikTok owner ByteDance Ltd., building on the success of his last big overhaul of the all-in-one messaging app. Zhang, celebrated in China for inventing Tencent Holdings Ltd.’s signature creation, has toyed for years with ways to keep and expand WeChat’s industry lead, particularly as upstarts like …

Bloomberg AT&T Inc. is holding exclusive talks to sell a significant stake in DirecTV to private equity firm TPG, the latest stage of a months-long push to unload at least part of the struggling pay-TV business. A potential deal is weeks away, and the talks could still fall apart, said the person, who asked not to be identified because the …

Bloomberg Microsoft Corp. is raising the price for subscriptions to Xbox Live Gold, its paid online gaming platform, doubling the cost for an annual pass and prompting swift outrage from users. The price bump brings the cost of a six-month subscription to $60. Last year, Microsoft removed the option for a full-year subscription at that price from the online store. …