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Pentagon targets Tencent for alleged ties to Chinese military
The US Department of Defense has added Tencent Holdings, China’s gaming and social media leader, to its list of “Chinese Military Companies”, alongside CATL, Changxin Memory and COSCO. The designation, which targets companies suspected of collaborating with the Chinese military, sent Tencent shares down 7% in Hong Kong and 8% in OTC trading in the United States. Tencent, owner of the WeChat messaging application, wants to reassure the market and contests this decision, which it describes as “an error”, affirming that it will have no impact on its activities. This list, which now includes 134 entities, could result in future sanctions from the US Treasury, increasing pressure on US-China trade relations.
Meta changes its board of directors to get closer to Donald Trump
Meta has appointed three new directors to its board: Dana White, CEO of the UFC (organizer of MMA) and ally of Donald Trump, Charlie Songhurst, former Microsoft executive and AI expert, and John Elkann, president of Exor and of Ferrari. Mark Zuckerberg justified these appointments by their strategic expertise in the fields of AI, wearables and human connections.
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This decision above all marks a political repositioning. Dana White, close to Trump, illustrates Meta’s desire to strengthen his ties with conservatives. At the same time, the company promoted Republican strategist Joel Kaplan to head of global public affairs.
Donald Trump supports Silicon Valley and divides his base over H1-B visas
An open and very virulent dispute on social networks over H1-B visas revealed the fractures within Donald Trump’s coalition. On the one hand, Silicon Valley figures like Elon Musk, who invested $250 million in his campaign, defend skilled immigration as an economic asset. On the other hand, the traditional “MAGA” base, embodied by Steve Bannon, rejects these practices, considering them a threat to the American middle class.
Donald Trump ultimately chose to support Silicon Valley, affirming the importance of foreign talent for the economy. This position, aimed at consolidating his alliance with tech moguls, however surprised many of his supporters and in particular his popular base.
Yanis Varoufakis warns of the influence of Big Tech under Trump
Yanis Varoufakis, former Greek Minister of Finance and critic of global capitalism, denounces in a column published by our colleagues at The World the alliance between Donald Trump and tech billionaires, which he calls “broligarchy”. He accuses this elite of using its power to obtain public contracts, deregulate markets and control behavior.
Particularly at issue is the concept of “cloud capital”, an economic model based on the collection of massive data and AI, which unlike industrial capitalism, aims to capture attention and desires to convert them into income, and this outside of the historic market.
Varoufakis warns that this concentration of economic power threatens democracy and calls for action to limit the influence of Big Tech.
Disney merges Hulu+ Live TV with Fubo: a major boost for the latter
Disney announced the merger of its Hulu+ Live TV service with Fubo (publisher of MOLOTOV in France), becoming a 70% majority shareholder of the new entity, while Fubo retains 30% and its current management. Together, the two platforms have 6.2 million subscribers. The deal, which is expected to be finalized in 12 to 18 months, provides an immediate windfall for Fubo.
In addition to a financial settlement of $220 million to close a dispute over the Venu project, Disney promised a loan of $145 million in 2026. Fubo’s stock jumped 250%reflecting increased investor confidence. Fubo, historically focused on sports and news, will now benefit from access to premium content from Disney (ESPN, ABC). This merger strongly repositions Fubo against YouTube TV.
🚀 To read on FRENCHWEB.FR:
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- KOLSQUARE acquires WOOMIO to strengthen its position in Northern Europe
- IBEXA acquires QUABLE to create a European digital experience champion
- SKEZI strengthens its position in the medical sector with the acquisition of Verbatim.Care
- EXPANSION VENTURES completes a first tranche of its investment fund dedicated to European Space Tech
