Plus: AT&T and Verizon are sidelining family plans for single-line bundles. And China’s DeepSeek is preparing to go public. Danny Lewis hosts.
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[00:00:00] Very good, very good, very good! Very good? Why do you have a tax? That many people say! Who says that? The company's insurance test, computer build, Focus Money, Chip, finance tips, look for something! Mega! But that's definitely complicated! No, just make a photo of the loan tax insurance and finish! Sounds very good! Very good! With Why Do You Have a Tax? Until the 31st of July! Here's your morning TNB Tech Minute for Wednesday, July 15th. I'm Anthony Bancy for The Wall Street Journal.
[00:00:30] Stripe and buyout firm Advent International have made a joint takeover bid for PayPal. People familiar with the matter say the proposed deal would value the fintech company at around $53 billion. But there are no guarantees that PayPal will be receptive. The company is in the early stages of a turnaround plan after it issued a profit warning back in March, stemming from sputtering growth from its key branded checkout product. PayPal shares were up 19% in pre-market trading this morning on the news. On track for its best day ever.
[00:01:00] After years of promoting multi-line family plans, wireless carriers including AT&T and Verizon want more customers to go it alone. The companies are offering new, cheaper single line options in hopes of gaining a new foothold with people whose needs are likely to change as they age, move, add new connected devices, or may one day want a family plan of their own. Carriers are also giving priority to bundled services, like combining phone and home internet as a new play for customer loyalty.
[00:01:29] And Chinese AI firm DeepSeek is preparing to go public. People familiar with the matter say the company is discussing an initial public offering as early as the second quarter of next year. They say it is eyeing a listing in Shanghai. DeepSeek is seeking funding to bankroll its costly research and fuel growth following the debut of Anthropik's powerful Mythos model. Just last month, DeepSeek raised $7.4 billion in its maiden external funding round, valuing the company at more than $50 billion.
[00:01:58] And that's your T&B Tech Minute. We'll be back this afternoon with more. Thank you.