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Sources: Sony is nearing an agreement to sell a 51% stake in its home entertainment business to Chinese rival TCL for ~$1B, to be announced as soon as in March (Bloomberg)
Senators Adam Schiff and John Curtis introduce bipartisan legislation to ban sports betting on CFTC-regulated prediction markets, such as Kalshi and Polymarket (Krystal Hur/Wall Street Journal)
AI chip company Kandou AI raised $225M from SoftBank, Synopsys, and others at a $400M valuation after pivoting from consumer hardware to AI infrastructure (Nino Paoli/Bloomberg)
OpenAI hires Dave Dugan, a former top ad executive at Meta, to lead ad sales, reporting to COO Brad Lightcap; Dugan stepped down as a Meta VP earlier in March (Suzanne Vranica/Wall Street Journal)
Leonid Radvinsky, the reclusive billionaire owner of OnlyFans parent company Fenix, died at 43 from cancer; he acquired a majority stake in OnlyFans in 2018 (Olivia Solon/Bloomberg)
Sources: EA is selling a $15B debt package to fund its $55B take-private deal led by Saudi Arabia's PIF, including nearly $700M in projected annual cost savings (Bloomberg)
Sources: OpenAI is offering PE firms a guaranteed minimum return of 17.5% and early access to new models to secure JVs, an improvement on Anthropic's terms (Reuters)
London-based luxury ride-hailing app Wheely launches in NYC, aiming to compete with Uber Elite; Wheely reports ~1,250 corporate accounts and ~100K active riders (Natalie Lung/Bloomberg)
Reality Labs lost $80B+, but it still makes all of Meta's hardware, and reflects Mark Zuckerberg's desire to run a business without Google or Apple as middlemen (Peter Kafka/Business Insider)
Sources: activist investor Elliott has a multibillion-dollar stake in Synopsys and plans to engage with the company to boost its software and service profits (Lauren Thomas/Wall Street Journal)
Samsung rolls out Apple AirDrop support to Quick Share, starting with the Galaxy S26 series in South Korea, and plans to expand to more devices and regions (Mike Sorrentino/CNET)
Palantir won a three-month, £30K+/week trial to access the UK FCA's intelligence data to tackle financial crime, a source says raising concerns inside the FCA (Robert Booth/The Guardian)
AI tools like Claude Code have transformed coders' lives, and AI labs are now eyeing a bigger goal: automating everyone's lives and winning the non-coder market (Kate Clark/Wall Street Journal)
Tencent launches ClawBot, an OpenClaw-based agent integrated into WeChat, letting its 1B+ MAUs send and receive commands to interact with the AI agent via chat (Reuters)
Poste Italiane says it will launch a €10.8B cash-and-share offer to fully acquire Telecom Italia; Poste is already Telecom Italia's largest shareholder (Reuters)
Sources describe efforts to build and use internal AI tools at Meta, including Mark Zuckerberg building a CEO agent to help him do his job better (Meghan Bobrowsky/Wall Street Journal)
Profile of John Ternus, likely Tim Cook successor, who shapes Apple's hardware portfolio, is expanding his domain within Apple, and his visibility to the public (Mark Gurman/Bloomberg)
A profile of Chinese bitcoin mining company Bitmain, now allied with Eric Trump's American Bitcoin and previously the target of a DHS espionage-risk probe (Ryan Weeks/Bloomberg)
A look at Huawei-backed Yuanjie, a maker of photonic chips used in AI data center optical interconnects, whose stock has surged 780% over the past year (Yue Wang/Forbes)
Speaking at a Beijing forum, Tim Cook praised Apple's partners and developers in China, a week after Chinese state media labeled the App Store "monopolistic" (Bloomberg)

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