Locafy to Acquire Map Labs’ Assets, Significantly Expanding Revenue and U.S. Customer Base

Nio (NIO) has partnered with Geely to expand its battery-swapping and charging networks. Geely will invest RMB640 million and contribute its Yiyi Power business, gaining a 30% stake in Nio Power. Nio retains 63.6% control. The deal aims to improve network economics and reduce infrastructure costs. Nio's power-solutions revenue grew to RMB2.46 billion in 2025, up from RMB2.10 billion in 2024.

Paramount and Warner Bros. Discovery have merged under Skydance, valued at $111B. The deal includes concessions like theatrical film releases and streaming moratoriums. Skydance now owns major channels, streamers, and Warner Bros. IP, including HBO and DC Comics. David Ellison made political donations to Trump's 2024 campaign, according to CNN.

Iridium shareholders approved Rocket Lab's $8B acquisition, with 99.6% voting in favor. Rocket Lab (RKLB) will operate a large satellite network. SpaceX (SPCX) grew Starlink subscribers to 12M, with Connectivity revenue up 66% to $4.29B. Rocket Lab competes by offering satellite services to other companies, with lower costs and faster deployment. SpaceX focuses on its own network and cheaper launches with Starship.

Paramount Skydance completed a $110 billion takeover of Warner Bros Discovery, forming a new company called Skydance. The merger combines major studios and streaming services, with David Ellison as CEO. The new entity aims to compete in streaming and AI-driven entertainment, facing rivals like Netflix and Disney. Shares began trading on the NYSE under 'SKYD'. The company plans $6 billion in savings and significant content investment, with projected revenue of $67 billion by 2028.

Paramount Skydance completed a $110B acquisition of Warner Bros. Discovery, forming Skydance. The combined company will control major IPs, streaming platforms, and news operations, with $70B annual revenue and $6B cost cuts. Regulatory approval included safeguards for CNN and CBS News.

Monte dei Paschi (MPS) CEO Luigi Lovaglio is considering responses to Intesa Sanpaolo's €31.4bn takeover offer, including a special dividend or a counteroffer. Options also include postponing the shareholder meeting or distributing MPS's stake in Generali. Unipol's CEO proposed acquiring MPS's legal entity and branches to create a €50bn conglomerate.