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Grab Holdings To Buy 60% Of Atome Financial For $1.5B

The green and white company logo for Grab appears on a smartphone screen before a colorfully illustrated background

By Al Barbarino

Singapore-based Grab Holdings Ltd. said Tuesday it has agreed to acquire a controlling 60% equity interest in Atome Financial for $1.49 billion, while also agreeing to purchase the remaining 40% stake within the next two years. 


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    The Federal Trade Commission's Mark Meador on Monday sketched out an ambitious vision for the agency to use its ...(read more)

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    The Senate on Tuesday failed to clear a procedural hurdle for the Clarity Act, which was primed to be the first comprehensive federal regulatory framework for digital asset markets, as Democrats said the ethics guardrails were not strong enough.

  • Takeda Can't Decertify Amitiza Class After $885M Jury Loss

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    A Massachusetts federal court refused Takeda's request to decertify a class of Amitiza buyers, after a jury awarded groups of purchasers a total of $885 million for claims that the drugmaker conspired to delay the launch of a rival generic version of the anti-constipation drug.

  • UMG Says DistroKid Is Copyright-Infringing 'AI-Slop Pipeline'

    By Craig Clough

    UMG Recordings sued music distributor DistroKid in Delaware federal court Tuesday, calling it an "AI-slop pipeline" that uses copyright infringement and deceptive practices to flood popular streaming platforms with mass-generated artificial intelligence content.

  • 1st Circ. Suggests Appeal In Drug Rebate Case May Be Moot

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    A New Jersey appellate court on Tuesday affirmed an order dismissing a suit from the estate of a classic car collector against Bruce Springsteen over compensation from use of a 1967 Pontiac GTO on an album cover, saying it was "abundantly clear" that all elements of hearsay were present to sink the case's only evidence against the musician.

  • FTC Chair Wary Of AI's Dual Push For Regs, Antitrust Shield

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    Federal Trade Commission Chair Andrew Ferguson cast doubt Tuesday on the sincerity of artificial intelligence companies asking Washington for more safety regulations even as they seek antitrust exemptions so they can agree to AI development limits.

  • 1st Circ. Presses Amex On Merchant Arbitration Rule Change

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    A First Circuit panel on Tuesday pushed back on assertions by American Express that unilateral changes to the terms of its merchant agreement did not invalidate it, as a lower court found last year in denying the card issuer's motion to compel arbitration in a dispute over anti-steering rules.

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  • 4th Circ. Appears Split On Reviving Comey, James Indictments

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    Partisan splits were apparent Tuesday on the Fourth Circuit panel hearing the Trump administration's challenge to a federal district judge's dismissal of the indictments of former FBI Director James Comey and New York Attorney General Letitia James, with two of the three judges appearing to agree an improper appointment doomed the cases.

  • Judge To OK $581M Genesis Ch. 11 Settlement

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  • Empery Digital Loses Bid To Appeal Proxy Fight Ruling In Del.

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  • Robinhood Engineers Hit With Crypto-Futures Insider Charges

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