Bloomberg Spotify Technology SA agreed to acquire Megaphone, which creates tools for podcast advertisers, in a deal that values the acquisition at $235 million. Founded by online news company Slate, Megaphone connects podcast publishers such as Vox and ESPN with networks of advertisers. Spotify will use Megaphone’s network and tools to offer advertising technology to thousands of podcasts. After building ...

Bloomberg The Trump administration has given the owner of TikTok another 15 days to resolve national security concerns before it’s required to sell the viral video-sharing app. The app’s Chinese owner, ByteDance Ltd, said in a court filing that the Committee on Foreign Investment in the US had granted it until November 27 to reach an agreement, extending a deadline. ...

Abu Dhabi / WAM ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, announced on Wednesday that it has signed an agreement to acquire an indirect 45 percent equity stake in Louis Dreyfus Company (LDC) a leading global merchant and processor of agricultural goods. As part ...

Bloomberg Oil rises above $45 a barrel in London for the first time in 10 weeks as financial markets continued to advance on a vaccine breakthrough and US crude stockpiles appeared to retreat. Brent futures advanced in tandem with equity markets, having been buoyed initially this week by the election of Joe Biden as US president and then Pfizer Inc.’s ...

Bloomberg China inked its first term deal to buy liquefied natural gas (LNG) from an American exporter since the trade war disrupted deliveries, a sign of confidence that relations with the US could be normalising. Foran Energy Group said it signed a framework agreement with US producer Cheniere Energy Inc to purchase 26 cargoes between 2021 and 2025. The deal ...

Bloomberg Royal Dutch Shell Plc will push for the reversal of President Donald Trump’s rollback of methane emissions rules and the introduction of carbon pricing when Joe Biden moves into the White House next year. “Some of the regulatory rollbacks that we’ve seen under the current administration haven’t actually benefited our industry,” Shell US President Gretchen Watkins said. The oil ...

Bloomberg Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling $2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic — cutthroat pricing — to gain an edge in the country’s increasingly competitive e-commerce space. As India hits the peak of its biggest shopping season, the festival of Diwali, the tycoon’s retail ...

Bloomberg Boeing Co, the biggest laggard on the Dow Jones Industrial Average this year through October, is turning the tables in November with a 30% gain. The shares are surging this month on the impending return of its 737 Max jet and promising vaccine trials from Pfizer Inc that suggest an eventual rebound in the depressed market for jetliners. Another ...

Bloomberg Norwegian Air Shuttle ASA risks becoming a casualty of the global aviation crisis after the state rejected a request for a second multi-billion krone rescue package. A fresh bailout wouldn’t be a good use of public funds, the government in Oslo said, leaving the discount carrier in need of help to weather the winter months as air travel remains ...

Bloomberg Ryanair Holdings Plc’s long-delayed Boeing Co 737 Max deliveries face a new hurdle after the European Union opted to apply tariffs to US-made aircraft. The European bloc said it would levy 15% tariffs on US jets, alongside other goods including wheat, cheese, etc. Dublin-based Ryanair, the continent’s biggest discount carrier, has more than 135 Max 200 jets on order, ...