Wednesday, 4 March 2026
Josh Kushner’s Thrive Capital and Andreessen Horowitz are co-leading a $4 billion fundraising round for defense technology company Anduril Industries, which could raise its valuation to approximately $60 billion. This funding round follows a $2.5 billion Series G round last year, which valued the company at around $30 billion. Other firms, including Lux Capital and Founders Fund, are also considering participation in this investment.
South Korea's KOSPI index fell by a record 12% as escalating tensions surrounding Iran negatively impacted global market sentiment, leading to significant foreign outflows from Seoul. This marked the second consecutive session of sharp declines in South Korean stocks.
Banijay Group NV will merge its entertainment arm with All3Media Ltd. in a $5 billion deal, creating a new company valued at $8 billion, according to Jeff Zucker, the chair of the merged entity. The joint venture will produce 260,000 hours of content annually, including popular shows like 'Peaky Blinders' and 'Big Brother,' and will be jointly owned by Banijay and RedBird IMI, with each holding a 50% stake.
News Corp has entered into a multi-year licensing agreement with Meta Platforms, allowing the latter to access News Corp's content for its artificial intelligence initiatives, with potential annual payments reaching $50 million. The deal, which will last for at least three years, permits Meta to utilize the content in the U.S. and U.K., reflecting a growing trend of corporate partnerships aimed at enhancing AI capabilities while addressing data rights and compensation for content creators.
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