Caroline Hyde

With a cash offer that covers some 85% of the deal, we understand bidding is expected to wrap up early next week.

Plus, Morgan Stanley is said to be considering offloading some of its data center exposure via a significant risk transfer.

According to sources, the bank has held preliminary talks with its potential other investors about the transfer and is also exploring other ways to hedge part of its data center risk.

And the EU, well, it's investigating the rollout of new AI-related policies by Meta's messaging service, WhatsApp.

Regulators are reportedly weighing interim measures, including a temporary ban, alleging that WhatsApp's AI tools may soon unfairly block rival AI providers from offering their services through the platform, Ed.

Okay, Minda, let's go to, therefore, the vast amounts of money being spent on the AI focus.

And that's what's got investors riled, worried about the amount of debt that's going to have to be deployed, the potential move to negative cash flow, for example.

Is that wise?

When you're thinking about the intertwining of AI with social media, for Meta it really paid off because it was more effective and advertisers loved it.

But what about actually our use cases and how super intelligence is going to win for their business model?

People are really using AI within WhatsApp, within Instagram.

And then there's the issue of competition and whether they're stifling it.

Over in the EU, they're worried about perhaps some policy changes to what they're offering of which companies who basically integrate in the API.

And it looks as though both Copilot and Microsoft and the open AI could be pulling back from WhatsApp.

Well, on the day we put to the one side and we see its best share move since July.

Minda Smiley of eMarketer, it's great having some time with you.

Now that does it for this edition of Bloomberg Tech.

But Ed, what a day, what a scoop, what a market moving story coming from Kurt Wagner.

I'm Barry Ritholtz, inviting you to join me for the Masters in Business podcast.

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