Fox board is set to decide whether to entertain Comcast $65 bn cash bid for New York-based media company or stick with its roughly $52 bn all-stock offer from Disney.
German independent telecoms provider Freenet plans to ramp up its internet TV offering to challenge Netflix and Apple, Chief Financial Officer Joachim Preisig told Reuters.
Shares in Adyen, which handles the payments backend for Netflix, Facebook and eBay, surged more than 70% at the start of trading following its initial public offering.
Investors have long focused on rewarding companies that can multiply sales in a relatively slow-growth US economy like Netflix and Amazon.
World stocks hit a record high, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall St’s flagship S&P 500 index.
Sony’s new chief executive is embracing entertainment content, but for now appears to be steering clear of direct competition with tech giants such as Apple and Netflix.
Shares of Twenty-First Century Fox rose almost 3% after Reuters reported that Comcast Corp was preparing an all-cash bid to rival a deal agreed late last year.
Comcast is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for Fox deal, sources said.
Direct-to-home operator Tata Sky and video streaming major Netflix today said they have entered into a strategic partnership for content delivery.
Netflix said it planned to raise $1.5 bn in debt, the 2nd time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content.
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
Have not received any notice from ED on FEMA violations
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20