SoftBank’s LY Corp, Bain Raise Kakaku.com Bid to ¥670 Billion, Intensifying Takeover Battle 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
OpenAI Proposes 5% U.S. Government Stake Amid AI Policy Talks 
DOJ Seeks Dismissal of Fraud Charges Against Gautam Adani in U.S. Court 
Super Micro Employees Detained in Taiwan AI Server Export Investigation 
Samsung to Invest $90 Billion in South Korea to Expand AI Chip, Display, and Battery Production 
Northern Star Appoints New CEO as Activist Elliott Pushes for Leadership Overhaul 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
TetherMax Rebranding Highlights Official Exchange Partnerships as Foundation of Trust 
EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Apple Expands iPhone Lineup, Boosts Foldable iPhone Production Plans Through 2027 
Lockheed Martin Emerges as Frontrunner to Acquire Ultra Maritime in $3.5 Billion Defense Deal 
Meta CEO Zuckerberg Says AI Agent Development Has Slowed Despite Massive AI Investment 
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round 
Chinese Copper Foil Maker Londian Files U.S. IPO as EV Battery Demand Grows 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
The Securities and Exchange Board of India has approved Reliance Retail’s $3.4 billion acquisition of Future Group’s retail assets against Amazon's opposition.
The deal would transfer the retail and wholesale business of Future Group to Reliance Retail and Fashion Lifestyle, a wholly-owned subsidiary of Reliance Retail Ventures.
Amazon had been pushing Indian regulators to stop Reliance from taking over Future, a supermarket and high-end food store chain with over 1,500 locations across India.
The eCommerce giant even went as far as filing a lawsuit in Singapore to stop the deal on the ground that it breaches prior agreements it had with Future Retail.
Amazon has a 49 percent stake in Future Coupons, which owns a 7.3 percent stake in Future Retail.
The stock exchange imposed some conditions on Reliance, such as that it should notify shareholders of any future disputes, complaints, regulatory proceedings, and orders related to the deal.
Reliance should provide shareholders and the regulatory tribunal the details of the complaints by Amazon, the submissions of Future Retail Limited, proceedings pending and completed in the Delhi High Court, and the award of emergency Arbitrator in the Singapore International Arbitration.
The next hurdle for Reliance is getting the approval of India’s National Company Law Tribunal.
