In today’s Tech3 roundup from Moneycontrol, we cover the major developments shaking the global and Indian tech landscape:
Netflix to Acquire Warner Bros for $72 Billion
Streaming giant Netflix has agreed to acquire Warner Bros Discovery’s studios in a landmark $72 billion deal. The acquisition is set to reshape the entertainment ecosystem, consolidating premium content and production capabilities under Netflix’s global platform.
Meesho IPO Sees Blockbuster Response
Meesho’s IPO continues to create waves, receiving an overwhelming 79X subscription, reflecting strong investor appetite for high-growth e-commerce platforms. This comes amid a broader IPO frenzy on D-Street, highlighting renewed confidence in the primary market.
Binance CEO Richard Teng Highlights India’s Importance
Binance CEO Richard Teng emphasized that India is critical for the global crypto landscape, with the potential to reach one billion users. The comments underscore the country’s growing role in digital finance and cryptocurrency adoption.
ONDC Faces Hyperlocal Shakeouts
Following Ola’s exit, PhonePe has pulled back from the ONDC offering, while Pincode has ceased operations for consumers, signaling a phase of consolidation and strategic recalibration in India’s open network for digital commerce.
Other Key Updates
Nationwide travel disruptions continue as IndiGo cancels hundreds of flights, affecting domestic connectivity and highlighting operational challenges in the aviation sector.
Keywords: Netflix Warner Bros acquisition, Meesho IPO subscription, Binance India crypto, ONDC shakeup, PhonePe ONDC, Indian tech news, Moneycontrol Tech3
