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Netflix’s Bold $72bn Bet On Warner Bros

Netflix’s Bold $72bn Bet On Warner Bros

December 5, 2025 2:38 pm

Netflix is making the biggest gamble in its history: a $72bn deal to acquire the film and streaming businesses of Warner Bros Discovery. The agreement, approved unanimously by both companies’ boards, positions Netflix at the centre of a dramatic shift in Hollywood’s balance of power.

The streaming giant outbid Comcast and Paramount Skydance after a long contest, securing control of some of the world’s most valuable entertainment assets. Warner Bros brings with it storied franchises like Harry Potter, Game of Thrones, and the global reach of HBO Max—brands that have shaped modern pop culture.

Netflix co-chief executive Ted Sarandos said …

Nvidia Invests $2B In Synopsys To Advance AI Chip Design

Nvidia Invests $2 Billion In Synopsys, Boosts AI Design Efforts

December 3, 2025 4:09 am

Nvidia tech giant expands its push into AI-driven engineering with a $2B stake in Synopsys, aiming to accelerate next-generation semiconductor design technologies.

Nvidia has taken another major step to strengthen its influence in the global Artificial Intelligence (AI) industry, unveiling a $2 billion investment in semiconductor design leader Synopsys. The move, announced Monday December 1, 2025, further positions the company at the center of emerging AI-driven engineering tools shaping the next era of chip development.

The investment, executed through the purchase of Synopsys shares at $414.79 each, forms part of an expanded partnership between the two companies. The collaboration aims

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Dangote Partners With Honeywell To Drive Major Refinery Push

Dangote Partners With Honeywell To Drive Major Refinery Push

November 27, 2025 9:43 am

Honeywell—Dangote deal will help expand refining capacity to 1.4m barrels per day, broaden crude options and boost polypropylene output as Nigeria seeks fuel security.

Nigeria’s Dangote Industries has signed a major agreement with Honeywell to support a sweeping expansion of its oil refining and petrochemical operations, marking a significant step toward the company’s goal of becoming one of the world’s most powerful players in the energy sector.

The deal, announced on Tuesday November 25, 2025, will enable the $20 billion Dangote Refinery in Lagos to double its processing capacity to 1.4 million barrels per day (bpd) by 2028. Honeywell

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Laffont: Cuts Tesla Stake, Doubles Down On Alibaba’s AI Push

Laffont: Cuts Tesla Stake, Doubles Down On Alibaba’s AI Push

November 22, 2025 7:28 am

Coatue’s Philippe Laffont trimmed his Tesla holdings while expanding his bet on Alibaba, signaling shifting confidence in global tech and artificial intelligence trends.

Billionaire investor Philippe Laffont is recalibrating his tech portfolio, cutting his exposure to Tesla while significantly increasing his commitment to one of China’s most influential technology companies. The latest quarterly disclosures from Coatue Management show a sharp shift in strategy as investors worldwide reassess the balance between electric vehicles and Artificial Intelligence (AI).

Laffont, who oversees roughly $41 billion at the New York–based hedge fund, reduced his Tesla position by 15% during the quarter ending in September …

Singapore Airlines To Introduce High-Speed LEO Satellite Wi-Fi

Singapore Airlines To Introduce High-Speed LEO Satellite Wi-Fi

November 21, 2025 7:26 am

Singapore Airlines will roll out LEO satellite Wi-Fi on its long-haul Airbus fleet, delivering faster connectivity alongside new A350 cabins from 2026.

The upgrade was outlined during a recent investor presentation and is set to complement the airline’s S$1.1 billion cabin retrofit program. That project covers 41 Airbus A350-900 aircraft, including the ultra-long-range models used on routes such as Singapore–New York, among the world’s longest commercial flights.

Singapore Airlines had initially planned to introduce its new cabins on Boeing’s long-delayed 777-9, but after years of postponements, the carrier shifted the initiative to the A350 fleet. The move allows customers to …

Tantalizers Sign Five-Year Prawns Export Deal To United States

Tantalizers Sign Five-Year Prawns Export Deal To United States

November 20, 2025 10:58 am

Nigerian food group Tantalizers Plc, secures multi-million-dollar seafood pact with United States importer, boosting hopes for stronger non-oil exports.

Tantalizers Fisheries Limited, a subsidiary of Nigerian Tantalizers Plc, has signed a five-year offtake agreement with US-based Harvester Fisheries LLC to export premium prawns and shrimps to the American market. The deal marks a significant step for the Nigerian company as it seeks to expand beyond its traditional fast-food and domestic operations.

The agreement, described as a multi-million-dollar partnership, was disclosed in a filing to the Nigerian Exchange (NGX) and signed by the company’s secretary, Olamide Babawale-Mo. Under the terms, Tantalizers

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Adenuga Gains Most as Conoil Approves N2.43bn 2024 Dividend

Billionaire Adenuga To Receive Bulk Share Of Conoil Dividend

November 17, 2025 4:38 am

Conoil’s ₦2.43 billion final dividend for 2024 will deliver substantial returns to shareholders, with chairman Mike Adenuga receiving the largest payout now

Conoil Plc has announced a final dividend of ₦2.43 billion for the 2024 financial year, a move that is set to deliver significant returns to investors and reaffirm the company’s commitment to shareholder value despite volatility in Nigeria’s petroleum market.

The Lagos-based oil marketing firm disclosed that the distribution will apply to shareholders listed in its Register of Members as of the close of business on November 21, 2024. The dividend, proposed at ₦3.50 per share,

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Nigeria's 3 Dominates Africa’s Top 300 Banks, GTB Leads Again

Nigeria’s 3 Dominates Africa’s Top 300 Banks, GTB Leads Again

November 15, 2025 9:25 pm

Guaranty Trust, Zenith, United Bank for Africa (UBA) top Africa’s 2025 finance ranking, reflecting Nigeria’s strong banking growth and investor confidence.

Nigeria has reinforced its position as a powerhouse in Africa’s banking sector, with Guaranty Trust Bank (GTB), Zenith Bank, and United Bank for Africa (UBA) among the top five institutions on The Africa Report’s 2025 ranking of the Top 300 Finance Champions.

The ranking evaluates Africa’s largest banking groups based on profitability, solvency, liquidity, credit quality, and total assets. GTB retained the top spot for the second consecutive year, followed by Zenith Bank at third and UBA at fifth.

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Ellah Lakes Targets ₦235 billion To Expand Palm Oil Business

Ellah Lakes Targets ₦235 billion To Expand Palm Oil Business

November 13, 2025 10:09 pm

Nigerian agro firm launches ₦235 billion public offer to acquire new assets, expand land holdings, and position among top palm oil producers by 2030.

Ellah Lakes Plc is making an ambitious move to cement its place among Nigeria’s largest palm oil producers, unveiling a ₦235 billion public offer to fund new acquisitions and expansion projects across the country’s fast-growing agribusiness sector.

The agro-allied company said the capital raise would finance its purchase of Agro-Resources and Processing Nigeria Limited (ARPN) from the Tolaram Group and support the construction of a new crude palm oil processing mill at ARPN’s site in Edo …

CEO Elon Musk Plans ‘Gigantic’ Chip Fab To Boost Tesla Output

CEO Elon Musk Plans ‘Gigantic Chip Fab’ To Boost Tesla Output

November 13, 2025 7:57 pm

Tesla CEO Elon Musk says chip shortages are limiting vehicle and robot production, proposes building massive in-house semiconductor factories.

Elon Musk announced plans to build an enormous semiconductor manufacturing facility, aiming to secure the chips needed for Tesla’s ambitious electric vehicle and robotics projects.

Speaking at Tesla’s annual shareholders meeting on Thursday November 6, 2025, Musk described chip availability as a “limiting factor” for the company’s next-generation vehicles, including the driverless Cybercab, and the Optimus humanoid robot. Despite buying all available chips from major contract manufacturers like TSMC and Samsung, Musk said current supply cannot meet Tesla’s growing demand.

“As …

Ethereum Drops To $3,290 As Whales Accumulate $80 Million ETH

Ethereum Drops To $3,290: Empowers “Whales” With $80 Million

November 9, 2025 2:10 am

Ethereum completes a 20% correction from $4,165, triggering whale accumulation and renewed trading activity amid shifting market sentiment and volatility.

Ethereum’s price fell sharply to around $3,290 on Thursday November 6, 2025, completing a 20% correction from recent highs as large holders — known as “whales” — began accumulating the cryptocurrency amid a surge in trading activity.

The decline follows a projected technical correction outlined by analysts who predicted a drop from $4,165 to the $3,300 range, based on repeating historical patterns. Data from CoinGecko shows Ethereum trading at $3,290.95, marking a 4.8% loss over 24 hours and an 11.2% …

Intel Shares Skyrockets As Musk Teases Tesla Chip Partnership

Intel Shares Skyrockets As Musk Teases Tesla Chip Partnership

November 7, 2025 11:02 pm

Intel stock climbed after Tesla CEO, Elon Musk revealed Tesla may collaborate with the chipmaker to build massive AI manufacturing facilities.

Intel’s stock jumped more than 2% on Friday November 7, 2025, after President Elon Musk hinted that Tesla may partner with the U.S. chipmaker to build advanced artificial intelligence manufacturing plants. The comments, made during Tesla’s annual shareholder meeting, sent Intel’s shares up by as much as 4% in after-hours trading.

Speaking before a packed audience, Musk said Tesla might need to construct what he described as a “gigantic chip fab” to produce enough AI chips for the company’s …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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