Neocloud firm IREN tops quarterly revenue estimates, shares jump - Reuters

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• The New York Times is in talks to buy Letterboxd for around $330 million

  Exclusive negotiations are underway after competing interest from entertainment heavyweights Sony Pictures and A24 failed to materialize into an agreement. If finalized, the cinema-focused platform will operate as an independent entity while incorporating modern commercial infrastructure. The transaction would mark another significant expansion step following several high-profile digital asset purchases by the publisher.

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• Sources: Unity has held talks to be acquired by a consortium including Silver Lake, which owns 8% of Unity, and Saudi Arabia's PIF, discussing a ~$25B valuation (Reuters)

  Private equity firm Silver Lake and Saudi Arabia's Public Investment Fund have emerged as prospective buyers for the software company, potentially reshaping its ownership structure. The prospective buyout would mark a major take-private transaction in the technology sector if finalized. However, critical details regarding the transaction structure and the current progress of these negotiations remain undisclosed.

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• China’s Copper Squeeze Deepens as Buyers Scramble for Metal

  Severe availability shortfalls are battering the world's largest metal consumer as domestic smelter cutbacks collide with restricted shipments from Russian and African suppliers. This intense physical scarcity is forcing industrial fabricators to purchase material on a hand-to-mouth basis just to sustain current operations. Meanwhile, earlier outflows diverted significant stockpiles toward the United States amid speculation surrounding impending Trump administration tariffs.

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