Spotify founder and CEO Daniel Ek will be transitioning to the role of executive chairman on January 1 of next year. The current Co-President and Chief Product and Technology Officer Gustav Söderström and Co-President and Chief Business Officer Alex Norström will take his place as co-CEOs.
Doug Bowser, Nintendo of America's President and Chief Operating Officer, is stepping down on December 31, 2025, according to Nintendo.
President Donald Trump has signed an executive order finalizing some of the terms of a deal to bring TikTok's US business under American control. The new TikTok entity will be owned by a group of US-based investors, while ByteDance will maintain a smaller stake in the new company and keep the app's algorithm.
Following months of speculation, OpenAI has finally shared how it plans to become a for-profit company. In a blog post penned by its board of directors, OpenAI said Thursday it plans to transform its for-profit arm into a Public Benefit Corporation sometime in 2025.
They (regulators) said it couldn't be done (originally) but Three is finally approved for a merger. The UK's Competition and Markets Authority (CMA) has given the go ahead for a merger between Three and Vodafone, first proposed by the companies in June 2023.
Vizio is now a member of the Walmart corporate empire. The retail company announced the completion of its $2.3 billion acquisition of the TV manufacturer on Tuesday.
Pat Gelsinger is retiring after over 40 years at the company, and close to four years at the chip manufacturer's helm. Effective as of December 1, Gelsinger has left both his post and his position on the board of directors. The board has now created a search committee to "diligently and expeditiously" find a new CEO.