Anita Ramaswamy

Leonid Radvinsky, who bought a majority stake in OnlyFans in 2018, died of cancer Monday. The 43-year old billionaire owned Fenix International, the London-based parent company of OnlyFans, a subscription site best known for hosting sexually explicit creators and content.Before his death, he was in talks to sell a 60% stake to investors that would value the business at around $5.5 billion,

Private credit has turned from a growth opportunity to a source of worry for investors that own shares in big asset managers. Anxieties about how the rise of AI could hurt software companies that have borrowed hundreds of billions have escalated the concerns about the sector that started brewing ...

Latin America’s largest tech firm, e-commerce and fintech juggernaut Mercado Libre, is on sale. The company’s share price has dropped 9% over the past 12 months even as its business has continued to rocket along at a 30%-plus revenue growth rate. Investors are skittish about growing competition ...

Video game retailer GameStop is preparing a bid that it could submit as soon as this month to buy e-commerce site eBay, according to The Wall Street Journal. The news comes after GameStop CEO Ryan Cohen, who took the helm of the company in late 2023, said as recently as this January that he was searching for potential acquisition targets in the retail sector to expand its own business beyond

Nvidia is partnering with Corning, which manufactures glass used in smartphones as well as optical fiber and hardware components for data centers, to build three new factories in North Carolina and Texas focused on optical technologies. As part of the arrangement, Corning has issued Nvidia warrants to purchase up to $3.2 billion of Corning’s stock.The biggest chunk of the warrants are priced

Shares of iconic glassmaker Corning Inc. have doubled so far this year to their highest price ever, thanks to surging demand for Corning’s fiber optic cables that connect servers and AI data centers to one another. A partnership Corning announced with Nvidia this week gave the stock another ...

Shares in Seagate Technology, which makes hard disk drives for data storage, fell 7% Monday after CEO William Mosley suggested the company was more focused on increasing capacity on its individual hard drives than “building new factories or bringing up new machines that would just take too long.” Building more factories would divert resources away from those technological innovations, potentially