Daily Archives: May 5, 2022


Musk Gets $7B Backing for Twitter Bid From Tech Heavyweights

Billionaire Elon Musk has strengthened the equity stake of his offer to buy Twitter with commitments of more than $7 billion from a range of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. Other investors include Sequoia Capital Fund, which pledged $800 million, and VyCapital, which pledged $700 million, according to a Thursday filing with the U.S. Securities and Exchange Commission. But Ellison, who is also a and Tesla board member, is making the biggest contribution, pegged at $1 billion. Saudi Prince Alwaleed Bin Talal Bin Abdulaziz …


Censorship of Hollywood Blockbuster Films Intensifies in China  

China is stepping up censorship of U.S. films as producers make movies with an eye toward pleasing Beijing yet without isolating the global audience, industry insiders say.     The roughly 25-year-old practice of cutting scenes that don’t conform to Communist Party ideals from Hollywood movies has expanded.   “Now it’s kind of escalated in the sense that they’re much more direct in banning films outright rather than just tampering or asking for scenes to be removed,” said Stanley Rosen, a University of Southern California political science professor who follows China’s film industry.   …