Business

Sony teases details of next-gen VR headset

Sony Group Corp (6758.T) on Wednesday teased details of its next-generation virtual reality headset for its PlayStation 5 console, as the Japanese conglomerate seeks to secure a lead in the nascent sector amid growing attention from tech giants. The PlayStation VR2 device will have an OLED display, use integrated cameras to track players and offer […]

Business

Chinese EV startups turn to Nvidia in the race to catch Tesla

U.S. high performance chip maker Nvidia Corp (NVDA.O) said Tuesday it has landed more deals with Chinese electric vehicle makers that want to use the company’s technology to power software-driven features that could lure customers away from Tesla Inc (TSLA.O). Nvidia vice president Ali Kani used a presentation to the CES technology conference to list […]

Business

Private equity firm TPG seeks $9.5 bln valuation in U.S. IPO

Private equity firm TPG disclosed on Tuesday it is aiming for a $9.5 billion valuation in its U.S. initial public offering (IPO), as it presses on with a stock market flotation later this month. The underperformance of its peers’ shares over much of the last decade gave TPG pause in pursuing a public listing, sources […]

Business

Bloomberg Media CEO and New York Times columnist to start new venture

Bloomberg Media Chief Executive Officer Justin Smith and New York Times (NYT.N) media columnist Ben Smith are departing their respective news organizations to start a new media firm, the two confirmed on Tuesday. Ben Smith will be the editor in chief of the as yet unnamed venture, which will build a newsroom and target “200 […]

Business

Tencent sells $3.01 bln stake in Singapore tech group Sea

Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) on Wednesday sold a stake worth $3.01 billion in Singapore-based gaming and e-commerce firm Sea Ltd (SE.N). Tencent sold 14.5 million shares in Sea Ltd at $208 each in a block trade, according to a term sheet reviewed by Reuters. It had said on Tuesday […]

Business

U.S. carrier Allegiant Air to buy 50 Boeing 737 MAX jets

Allegiant Air is poised to order 50 Boeing 737 MAX jets worth $5 billion at list prices, people familiar with the matter said, rejecting offers by traditional supplier Airbus as the no-frills carrier seeks to capture a boom in post-pandemic U.S. tourism. The surprise deal stems a series of setbacks for Boeing Co (BA.N) and […]

Business

Toyota dethrones GM as U.S. sales leader after nearly a century on top

Japanese automaker Toyota Motor Corp (7203.T) outsold General Motors Co (GM.N) in the United States in 2021, marking the first time the Detroit automaker has not led U.S. auto sales for a full year since 1931. Toyota sold 2.332 million vehicles in the United States in 2021, compared with 2.218 million for General Motors, the […]