In an exit interview with The Financial Times (paywalled), former Disney CEO Bob Iger says the company seriously considered buying Twitter, explored a potential merger with Apple, and pursued the James Bond franchise during his tenure. The Verge reports: According to Iger, Disney came close to buying Twitter from co-founder Jack Dorsey "at a very attractive price," sometime prior to Elon Musk buying the social media platform in 2022 and changing its name to X. Iger had plans to turn Twitter into a global distribution platform for Disney, but walked away on the morning of the deal over concerns that it would be "a horrible distraction." Disney was also at one point involved in early conversations regarding a potential merger with Apple, something Iger thinks would have been "truly transformational." In the end, Iger says these conversations "never went anywhere," and that "Apple didn't show that much interest." The two companies have a mixed history -- Iger was an Apple board member from 2011 to 2019, and notably a driving force behind Disney acquiring Pixar in 2006, which was led by Apple co-founder Steve Jobs at the time. According to Iger, his first call with Jobs resulted in an almost immediate deal to put Disney content on the first video iPod. "All of a sudden, I'm now someone Steve likes and respects," Iger told The Financial Times. "The old Disney that he knew was lumbering in terms of bureaucracy. And so he thought, this is a new day." The Pixar acquisition spurred Iger to find more companies to bring under Disney's wing, though not every attempt was successful. "We felt unstoppable. We put together a list of acquisition targets," said Iger. "Marvel was one, Star Wars was another, James Bond was one. We had a list and I figured let's just tick them off and buy them all." Iger provides no details about Disney's attempt to buy the James Bond franchise, but we know it obviously failed -- Amazon bought the 007 distribution rights when it acquired MGM in 2022, and later paid more than $1 billion to take full creative control of the franchise in February 2025.

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Walmart is acquiring self-serve connected-TV ad platform Vibe.co for a reported $1.4 billion, adding it to an advertising ecosystem that already includes smart-TV maker Vizio. AdExchanger reports: On Tuesday, Walmart announced that it is buying Vibe.co, the French self-serve ad platform that specializes in helping small brands buy streaming commercials with similar ease and precision as they get from search and social. Vibe has been vying for a bigger share of the ad dollars moving to connected TV, especially in the US, as evidenced by the company's ubiquitous billboards in major cities including New York and San Francisco. Now, Vibe joins Walmart Connect's commerce ecosystem alongside the smart TV maker Vizio. And Vibe's tech is poised to help unify Walmart's growing CTV footprint with the closed-loop attribution provided by its retail sales data. [...] Together, Walmart and Vibe.co strive to "build the best ecosystem for the performance TV market," Vibe CEO and Co-Founder Arthur Querou told AdExchanger. Performance CTV has a high ceiling for growth. The performance budgets dedicated for streaming platforms are still small potatoes compared to search and social, Querou said. Only one-quarter of CTV ad campaigns have lower-funnel objectives, and that number has been static for years, according to data from Advertiser Perceptions. Now that Walmart owns both Vibe and Vizio, advertisers should have an easier time tying streaming campaigns to shopper data. That promise stands to win Walmart more marketing dollars earmarked for retail media and streaming behemoths -- including Amazon. Walmart is especially interested in attracting more small- and medium-sized businesses (SMBs) who lack the tools, budgets or teams to invest in streaming TV, a Walmart spokesperson told AdExchanger. Other ad platforms, including MNTN and Magnite, have likewise targeted SMB advertisers as a source for continued growth in the CTV market. By adding Vibe.co, Walmart can court SMBs with the pitch that its new self-serve tools will make it easier for them to execute CTV campaigns. Plus, SMBs tend to prioritize performance campaigns, since they are under more pressure to justify tighter ad budgets and thus have to be more selective about which platforms they advertise on. And Walmart is better positioned than most platforms to prove its ads drove performance thanks to its retail data foundation.

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Electrek reports: Tesla wants to sell modular AI data center hardware, according to a new trademark application for a product called "Megapod." The filing describes a complete, self-contained computing system for AI workloads... Tesla filed the "Megapod" trademark (serial number 99893717) with the U.S. Patent and Trademark Office this month, through its longtime IP counsel. It's an intent-to-use application, meaning Tesla is claiming the name for a product it hasn't launched yet. The goods-and-services description is unusually specific for a trademark. Megapod covers "modular data center hardware systems for artificial intelligence computing, comprised of computer servers, computer hardware for artificial intelligence data processing, networking equipment, power distribution units, and cooling systems." It also covers "self-contained modular computing hardware systems for artificial intelligence workloads," integrated platforms sold as a single unit — an enclosure bundling compute, power distribution, and cooling — and downloadable software to monitor, manage, and optimize those systems. In plain terms: Tesla wants to sell a turnkey AI data center building block. Not a battery, not a chip on its own, but the full rack-and-room of servers, networking, power, and cooling that AI training and inference run on. Tesla's offering would have to compete with Nvidia's liquid-cooled, rack-scale systems that simulates a giant GPU, the article points out. But "The bigger issue is that Tesla has no merchant compute-hardware business to build on." Tesla's own AI training cluster, Cortex at Gigafactory Texas, runs on roughly 67,000 Nvidia H100-equivalent GPUs. In other words, Tesla is one of Nvidia's customers, not a competitor selling alternative hardware... Where Tesla does have a real AI-data-center business is power, not compute. Its Megapack and new Megablock energy storage products are selling into AI data centers as grid buffers — Musk's own xAI has bought roughly $1 billion of Megapacks to keep its training runs powered. That energy-storage strength is the one credible thread here. A Megapod that bundles Tesla's power electronics, thermal management, and the enclosure — the "shell" around the chips rather than the chips themselves — would at least sit adjacent to a business Tesla actually runs.

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Three Amazon employees have filed a civil-rights complaint alleging the company retaliated against them for publicly supporting Seattle regulations on data centers. "The complaint was filed on the workers' behalf by Amazon Employees for Climate Justice, an independent group of corporate employees at Amazon that since 2018 has organized around climate issues," reports The New York Times. "It said the company started investigations and told the employees that they could face discipline, in one case up to potential termination, in an act of intimidation that violated the city's civil rights protections against discrimination for political beliefs." Amazon says it launched the internal investigations to determine whether the employees appeared to be speaking on the company's behalf rather than as private citizens. "As we looked more closely at how these employees represented themselves, and how their comments were received by others, it became clear that they may have been speaking in their capacity as Amazonians and not as private citizens," said an Amazon spokesperson. They said that the company does not allow retaliatory behavior and that when the investigation is concluded, Amazon "may or may not take action based on what we find." The New York Times reports: Five Amazon tech workers affiliated with Amazon Employees for Climate Justice testified at several different hearings before the Seattle City Council and two of its committees. Their testimony in the company's hometown drew national attention, and it put the tech giant in the awkward position of responding to public criticism of data centers and artificial intelligence from its own employees. Patrick Schloesser, who has worked as a software engineer at Amazon Web Services since 2020, said in an interview with The New York Times that Amazon told him he was under investigation last week, when he was called into a meeting with no notice. He had testified at two City Council hearings in early June. "I had this rising sense of anger that Amazon is attempting to infringe on my rights to speak out politically in my city," he said. "If we allow corporations to decide which speech is or is not allowed, that absolutely hurts democracy." [...] [...] The Amazon employees testified that Seattle should consider conditions on allowing new data centers, such as requiring new renewable energy sources of power, banning the use of nondisclosure agreements between the city and developers, and limiting public subsidies. They offered to help create new rules based on their experience as tech workers. "Seattle needs to set the terms so the way any new data centers get built here actually moves us closer to the future we want," Darius Irani, who has worked as a software engineer in Amazon's grocery business since 2021, said at a June 3 hearing before the Council's Parks and City Light Committee. He suggested requiring public reporting of water and power use, banning shell companies and harnessing the heat emitted from the chips in data centers to warm nearby buildings. Amazon told news organizations at the time that it respected 'our colleagues' right to voice their opinions and that the company did not have plans to build data centers within the city limits. On June 9, the Council unanimously voted for a one-year moratorium on new, large data centers in order to give it time to develop regulations. The next day, an Amazon employee relations staff member met the three workers in individual meetings and told them that they were under investigation for their testimony, according to the complaint. Mr. Irani said he was repeatedly questioned about his testimony and who else at Amazon was present at the hearings. "It feels like they say one thing publicly and try to silence and intimidate me privately, which I think is wrong," Mr. Irani said.

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An anonymous reader quotes a report from Ars Technica: Tesco, a retail conglomerate headquartered in the United Kingdom, is moving 40,000 server workloads off of VMware amid "abusive conduct" from Broadcom, recent legal filings claim. Tesco filed a lawsuit in the UK's High Court against Broadcom alleging breach of contract last year. According to a September report from The Register, the lawsuit claimed that in January 2021, Tesco bought perpetual licenses for VMware's vSphere Foundation and Cloud Foundation, a subscription to VMware Tanzu, plus support services until 2026, with the option to extend support for four additional years. But when Broadcom took over VMware in November 2023, it would not honor the deal and instead tried to get Tesco to pay "excessive and inflated prices for virtualization software for which Tesco has already paid" and would not allow it to buy support services for its perpetually licensed software without buying "duplicative subscription-based licenses for those same Software products," the initial complaint read, The Register reported at the time. Tesco, which reported 73.7 billion pounds (about $98.7 billion) in revenue in its fiscal year 2026, has since started migrating away from VMware and Broadcom's mainframe products, according to late-May court filings reported on by The Register today. In January, Broadcom stopped supporting Tesco's VMware products, Tesco said, and Tesco has been paying for third-party support since. In its initial filing, Tesco also said that Broadcom refused to upgrade software or provide all security updates to customers without subscriptions. One of Tesco's recent filings, per The Register, reads: "Faced with Broadcom's abusive conduct, and given the criticality of virtualization and mainframe software and services to its business, Tesco has been forced to incur material costs to procure alternative solutions with reduced functionality, and to migrate to that software in a manner, and on a timeframe, that creates very significant risks to its business." If it works "at exceptional pace," Tesco will be completely off VMware by the end of 2027 at the earliest. However, "the timeframe in which that migration must be undertaken has created and continues to create operational and commercial risk, and at material ongoing cost and disruption to the business," Tesco reportedly noted. Tesco is also dealing with migration challenges related to data security because its new, unnamed virtualization software is incompatible with the Veeam and Zerto products it uses. Tesco initially requested at least 100 million pounds (about $133.6 million) in damages each from Broadcom, VMware, and reseller Computacenter, plus interest. In its recent filings, Tesco said it turned down at least four offers from Broadcom to continue using VMware and Broadcom's mainframe tech. [...] The case is expected to go to court between November 1, 2027, and February 25, 2028, The Register reported. Afterward, it could go to trial. Further reading: HPE Tempts VMware Users, Partners With Year of Free Virtualization Software

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Carvana is testing a radically different new-car dealership model in Dallas, turning the location into a test-drive center and themed "playground" while requiring every purchase to be completed through its online platform. "Every single car that we sell, whether it's used or new, is online," said Tom Taira, Carvana president of special projects who's leading the new vehicle operations. "That's a very inherent difference. Even coming into the store, you're buying it online, and that's a big difference in how people think about it." The company hopes its no-haggle pricing, hourly employees, service operations, and national logistics network can reshape franchised auto retail. CNBC reports: Through its used vehicles sales, Carvana has become the most valuable auto retailer in the U.S. with a more than $70 billion market cap. Carvana's target with the new vehicle business is to grow its market share and customer base as well as assist used vehicle sales through trade-ins and other means, according to Taira. If the company is successful, the strategy could cause a ripple effect across the U.S. franchised dealership model, which the National Automobile Dealers Association reports includes 16,990 retailers that topped $1.3 trillion in sales last year. [...] Carvana is using a location in Dallas as a test center for its foray into new vehicle sales. The facility looks like a traditional Stellantis dealership from the outside, but the consumer process for purchasing a vehicle and the responsibilities of its employees are unprecedented. Couches and chairs replace cubicles and sales offices. There are no finance and insurance departments, and instead of an army of commission-based employees, the facility has associates that are paid hourly to assist customers -- if they want the help. The experience is meant to be as self-guided as a customer wants. By scanning QR codes located on 10-foot-by-10-foot screens inside the building or on vehicles and displays outside, shoppers can customize a vehicle, learn about a product's features and conduct test drives before deciding whether to purchase anything. If they do decide to buy something, it's online and not originated from a sales person, the company said. The "playground" has roughly 50 vehicles divided by brand, with each having a theme. Jeep has an off-road display. Dodge has race tracks, including a Carvana-themed Charger pace car and part of a traditional track fence barrier. Chrysler minivans, meanwhile, have a soccer net and Ram's area is truck-centric. Carvana is not committing to expanding the exact experience to its other franchised dealer locations, but Taira told CNBC that the overall process of online sales, vehicle testing and service are expected to be consistent throughout the locations. Further reading:: Online Car Retailer Launching Nation's First Car "Vending Machine

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An anonymous reader quotes a report from independent journalist Ed Zitron: Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified by the Financial Times, that OpenAI lost around $38.5 billion in 2025, as well as other crucial details about the financial condition of the company. [...] At the end of the year, OpenAI had just over $50 billion in assets, with almost half of that in cash. [...] The financial condition of OpenAI is deeply concerning. $38.53 billion in losses are astronomical, and far higher than most believed it would be. Losses also appear to be mounting year-over-year at a dramatic rate, and I'm not sure how this company finds a way toward any kind of sustainability or profitability. As discussed, I have not editorialized much today. I believe the best thing I can do for the general public is to deliver this news as plainly as possible. Ars Technica's Kyle Orland offers a more editorial take, writing: All told, OpenAI's day-to-day "loss from operations" increased from $8.78 billion in 2024 to $20.92 billion in 2025, a concerning direction for a company that is telling investors it hopes to be profitable by 2030. But measured as a percentage of revenues, the company's operating losses slightly improved year to year, from 237 percent in 2024 to 160 percent in 2025. Operating numbers aside, OpenAI's headline "net loss" number of just over $5 billion in 2024 ballooned to nearly $39 billion in 2025. But the 2025 number includes a significant accounting charge related to investor valuations that shifted amid the company's 2025 conversion to a for-profit structure. The Financial Times cites "a person familiar with the matter" in reporting that this non-recurring charge was approximately $30 billion and that OpenAI's 2025 net loss amounted to a more reasonable-looking $8 billion without it.

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SpaceX has agreed to acquire Cursor for $60 billion in stock, adding the popular AI coding assistant to Elon Musk's newly public aerospace-and-AI conglomerate. CNBC reports: Cursor built a popular AI coding tool that helps software developers generate, edit and review code, and the company has experienced explosive growth since its founding in 2022. In November, Cursor said it crossed $1 billion in annualized revenue, according to a release at the time. Cursor was also ranked at No. 37 on the annual CNBC Disruptor 50 list in 2026. [...] Musk merged SpaceX with his AI startup, xAI, earlier this year, and the Cursor deal looks set to help revitalize the company's efforts to compete with rivals like Anthropic and OpenAI, which also offer popular coding tools. SpaceX expects the merger to close during the third quarter of this year, according to a filing with the Securities and Exchange Commission. The transaction is subject to "requisite regulatory approvals," the filing said.

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The Justice Department has approved Paramount Skydance's $111 billion acquisition of Warner Bros. Discovery without requiring divestitures or other concessions. The deal still faces scrutiny from state attorneys general. Politico reports: The decision, expected to be announced Friday, paves the way for Paramount to combine with the entertainment and media company behind a vast film and television studio, CNN, and the HBO Max streaming service, which would be combined with Paramount+ to create a new offering boasting about 200 million subscribers. The deal, which would upend the Hollywood ecosystem by combining two historic rival studios, is opposed by many in the entertainment industry who fear it could lead to mass layoffs, among other concerns. After an extensive review, DOJ officials determined the transaction did not pose a threat to competition and declined to challenge it, said the people, who were granted anonymity to discuss sensitive matters. The department approved the merger without requiring any divestitures, behavioral remedies or concessions, according to one of the people. [...] The DOJ's approval does not end the merger's legal scrutiny. California Attorney General Rob Bonta has been reviewing the transaction and could still sue to block the deal despite federal regulators signing off. A spokesperson for Bonta's office told POLITICO earlier this week "the Paramount acquisition of Warner Brothers remains an active investigation." [...] Throughout those discussions, Paramount maintained that the merger would strengthen competition rather than diminish it, creating a media company better positioned to compete with streaming leaders and deep-pocketed technology rivals, according to people familiar with the matter. Hollywood workers fear the merger could trigger another wave of layoffs in an industry already reeling from years of consolidation. Critics argue that billions in promised cost savings will come at the expense of jobs, fewer opportunities for creators and greater concentration of power across film, television and streaming.

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Xbox CEO Asha Sharma and Chief Content Officer Matt Booty told staff that Xbox's current economics "cannot continue," citing more than $20 billion in spending over five years, declining revenue outside Activision Blizzard King, console supply constraints tied to RAMaggedon, and an overextended studio portfolio. The memo stops short of announcing layoffs, but a Bloomberg report says substantial Xbox cuts are expected after Microsoft's fiscal year ends on June 30. Engadget reports: The takeaways are pretty grim. For starters, the simple math of Xbox's revenue isn't adding up to success. "Excluding Activision Blizzard King, over the past five years, we have spent over $20 billion on ongoing investments in our content, platform, and hardware subsidy, but our annual revenue has declined nearly half a billion during that time," the execs state. "Going forward, this cannot continue." They also acknowledge the impact of RAMaggedon: "We are currently unable to make as many consoles as players want to buy, and we need a new business model and partnerships for hardware as we remain committed to Helix." (Helix, in this case, is Project Helix, the codename for Xbox's new console.) Then there's the kicker, a renewed admission that Xbox still can't support the many studios it acquired in the late 2010s in an effort to grow its first-party game ambitions. "We have found ourselves over extended as we executed on changing strategies in a landscape of more readily available content," the pair said, noting elsewhere that with so many good games, not to mention the plethora of other forms of entertainment available, "Going forward, our competition is attention."

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OpenAI has confidentially filed for an IPO, "setting it up for what may be the most highly anticipated market debut in recent history and a massive payday for early investors," reports CNN. The decision follows recent IPO announcements from Anthropic and SpaceX. From the report: OpenAI said it has not decided on timing yet. And because the filing is confidential, it's not yet clear how many shares the company plans to sell or at what price. "It may be a while because there are things we want to do that are likely easier as a private company," it said in a post on its newsroom page. But the company said the filing "gives us the option to go public sooner if that ends up being best." The transition to a public company will give Wall Street a window into OpenAI's finances as the company pours billions into AI infrastructure and computing resources. Investors dumped tech stocks last week as they questioned whether a recent run-up in those shares had gone too far. OpenAI was last valued at $852 billion after raising $122 billion in March, but it's faced pressure to demonstrate it can generate the cash to match that valuation.

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Bending Spoons, the Italian app studio behind acquisitions like Eventbrite, Vimeo, WeTransfer, Evernote, and AOL, has filed to go public in the U.S. after growing into a subscription-heavy app conglomerate with more than 500 million monthly active users. TechCrunch reports: In its filing with the Securities and Exchange Commission, Bending Spoons said it ended the year with $1.31 billion in revenue and has generated $601 million in Q1, a 132% year-on-year jump. The company gets the majority of its revenue from subscriptions, which account for 84% of its business. It generated $27.4 million in profit in Q1 2026. The company raised funding at an $11 billion valuation last year, up from $2.8 billion in 2024. In April, Reuters reported that the company could seek a $20 billion valuation with the IPO.

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