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CNBC: Disney expected to add cash to bid for Fox
From Newsmax Walt Disney Co. reportedly is preparing to add cash to its bid for the entertainment assets of 21st Century Fox Inc. Comcast Corp. last week launched a $65 billion cash offer for the Fox assets, outbidding Disney. The assets…
Broadcom gives up on Qualcomm buyout after Trump veto
By Daniel Cooper, From engadget The company says that it is disappointed with the outcome. The will-they/won’t-they flirtation between two of the world’s largest mobile chip companies has come to an abrupt end. Broadcom has announced that it will no…
Rights groups concerned as Saudi billionaire Alwaleed in harsh prison
By Bill Hoffmann From Newsmax Human rights organizations are raising serious concerns about the treatment of Saudi Arabia’s most famous billionaire, Alwaleed bin Talal, who was whisked recently to a high-security prison. Alwaleed has refused to cough up $6 billion…
Walt Disney buys Murdoch’s Fox for $52.4bn
From BBC Walt Disney has agreed to buy 21st Century Fox’s entertainment assets for a total $52.4bn (£39bn). The deal includes Fox’s 39% stake in satellite broadcaster Sky, and the 20th Century Fox film studio, Disney announced. Fox’s remaining assets,…
CNN launches a virtual reality news unit
By Stefanie Fogel From engadget CNNVR will produce 360-degree videos and live streams from around the globe. The Cable News Network is going virtual. CNN has announced the launch of a new immersive journalism unit called CNNVR that will produce…
If cord-cutters all cut cable, where do the networks go?
By Kate Cox From Consumerist The so-called “golden age of TV” may only be just now dawning for viewers, completely inundated with high-quality shows on every screen we own, but it’s more of a turbulent era for the companies that…
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Trump right to worry about AT&T, Time Warner merger
By Michael Reagan From Newsmax On Wednesday, the Senate Judiciary committee will hold a significant hearing on the proposed $84 billion merger between AT&T and Time Warner, which owns CNN. AT&T’s CEO Randall Stephenson will be testifying, as well as others,…
