Investing

As the 92-year-old billionaire steps down as chairman of his empire, a look back at how he changed the landscape of newspapers, TV, movies and politics—and the coming fight over, yes, succession.

Cisco notched its worst day in five months after unveiling the largest takeover in its history.

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.

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.

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

Apple’s iOS 17 update is out today – so beyond the glitz and glamour, what can we expect from the tech giant’s latest software release?