oOh!media Takeover Battle Intensifies as Bain Capital Joins Competing Bids 
Woodside Energy Acquires PetroChina’s Browse Stake, Expands Position in Major Australian Gas Project 
SpaceX IPO Set for Explosive Debut as Valuation Tops $2.2 Trillion 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
Oracle Stock Falls Despite Earnings Beat as Company Plans $40 Billion Financing for FY2027 
OpenAI Eyes Massive 10GW Ohio Data Center Campus in Potential $500 Billion AI Infrastructure Deal 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
Meta Partners With Reliance to Launch First AI-Powered Data Center in India 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Asics Considers Onitsuka Tiger Spinoff as Luxury Sneaker Brand Expands Globally 
OpenAI May Slash AI Service Prices Amid Growing Rivalry With Anthropic 
Roku Explores Sale Options as Interest Grows in Streaming and Ad Business 
Alibaba Offers $1.5 Billion to Acquire Grocery Delivery Platform Pupu 
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
New Zealand reportedly approached Facebook and Google and expressed its wish for them to make a deal with its local publication firm, Kiwi Media Publishing Limited. Apparently, the country is seeking payments for news just like what Australia did.
In a news report by AFP News and published on Yahoo, New Zealand wants to form a deal similar to the Australian News Media Bargaining Code. It works in the same way since it also wants tech firms to pay local publishers for news that will appear or be shared on their platforms.
The meeting has started for a potential deal
Kris Faafoi, New Zealand’s broadcasting minister, revealed this week that he already met with the leading American tech firms as a first step to strike a deal with them. He said that he was thinking of implementing regulations - the same arrangement that Australia had with the tech companies.
The minister expressed high hopes that his country will be able to negotiate and reach a good deal. He said that this will be a big help to New Zealand's struggling media industry.
"Last week I met with both Google and Facebook," Faafoi said during a parliamentary committee meeting this week. "I'm confident that commercial discussions taking place between traditional media and digital platforms will also begin here in New Zealand, and I encourage that."
Faafoi went on to say that this time of the pandemic makes the work of the media sector very important. Thus, he wants them to be compensated, and he will work on achieving this goal.
The Australian media code
Faafoi’s proposal is apparently lifted from Australia’s deal with Facebook and Google. The two tech giants initially refused to accept the Aussie media code but eventually agreed after negotiations.
The media law that requires tech companies to pay for news was passed last month, and this was confirmed by Australia’s Treasurer Josh Frydenberg. He said that the bill has been named News Media and Digital Platforms Mandatory Bargaining Code and called the historic passing of the rule a “significant milestone.”
