Business

Rupert Murdoch will step down from News Corp and the Fox Corp. after decades at the helm of the right-leaning news giant.

Rupert described his eldest son as a “passionate, principled leader” in a statement naming his successor.

Murdoch’s eldest son Lachlan will take over in November.

Teach a [person] how to fish and you feed him for a lifetime – Chinese proverb.

Australian hospitality tech platform Ordermentum has acquired food marketplace Foodbomb and raised $16 million in a bid to accelerate its national growth strategy and to further digitise the food and beverage industry.

After Roark Capital’s $9.7 billion winning bid for the sandwich chain, Neal Aronson faces his biggest fast-food challenge yet.

Instacart’s three cofounders cashed in about $100 million from the IPO while firms who bought into InstaCart’s 2021 funding round dealt with a near 70% unrealized loss.

YouTube told Forbes Brand violated the platform’s “creator responsibility policy” and that it had taken steps to “protect the community.”

The leaked documents show Microsoft had other ambitious acquisition plans before settling on Activision and Zenimax.

The AI race between Google and Microsoft—which backs the creator of ChatGPT—is heating up.