Comcast on Wednesday raised its cash offer for Sky to $34 billion, topping Twenty-First Century Fox‘s latest bid. Comcast said its upped bid has been recommended by the independent committee of Sky. The company also said it has earmarked funds to fulfill the terms of the deal. Earlier Wednesday, Fox raised its offer to about […]
Read moreCheck out the companies making headlines after the bell: Shares of Broadcom fell as much as 6 percent in the extended session, after the Wall Street Journal reported the chipmaker was nearing a deal to acquire New York-based software company CA Technologies. The $18 billion deal could help diversify Broadcom, and mark a strategic win […]
Read moreThree months after its stock market debut, electronic signature company DocuSign is losing almost half its board of directors, including its founder and chairman. DocuSign said on Wednesday that five of its 12 directors are resigning and that three new people will be joining the board. Tom Gonser, who founded DocuSign in 2003, is leaving, […]
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Brexit ‘slightly less likely’ to happen now: Ex-UK foreign secretary
An agreement on the United Kingdom’s exit from the European Union is “slightly less likely” now after the resignations of two key players, said Lord William Hague, former U.K. foreign secretary. Late Sunday night, the U.K.’s main Brexit negotiator, David Davis, quit. Less than 24 hours later, Boris Johnson resigned as the U.K.’s foreign secretary. […]
Read moreShares of CA Technologies soared more than 16 percent in extended trading, after the Wall Street Journal reported that Broadcom was close to acquiring the software company for about $18 billion. Shares of Broadcom edged down more than 5 percent, pushing the stock down to about $233.15 per share. Broadcom is down more than 5 […]
Read moreMagic Leap, the secretive start up that has raised over $2 billion and built a mixed reality headset that may one day completely change the way we view the world around us, hosted a livestream Wednesday where it demonstrated some of its new technology. In a demo that seemed relatively simple, Magic Leap showed how […]
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Using NATO allies as ‘punching bags’ will backfire on Trump: Former Air Force secretary
President Donald Trump’s tactics towards NATO allies are “way, way over the top,” said Deborah Lee James, former secretary of the Air Force. As the NATO summit opened in Brussels, Belgium, on Wednesday, Trump slammed Germany as being “totally controlled” by Russia and went after leaders for not contributing more to defense spending. While the […]
Read moreThis article was originally published on Medium. Last year, I got invited to a super-deluxe private resort to deliver a keynote speech to what I assumed would be a hundred or so investment bankers. It was by far the largest fee I had ever been offered for a talk — about half my annual professor’s […]
Read moreTheoretically, there is no better time for Comcast, Disney and Fox to work out a deal than Sun Valley, Idaho, where media titans meet annually to talk about mega-mergers under the watch of boutique investment company Allen & Co. And yet, like the phrase “water water everywhere, Nor any drop to drink,” Comcast CEO Brian […]
Read moreNetflix remains the undisputed leader of streaming video today. But that could change if 21st Century Fox‘s assets, especially Hulu and Sky, are consolidated under Disney instead of Comcast, according to market research firm GBH Insights. “As bidding war and potentially a breakup up of some key assets to multiple bidders (regional sports networks, Sky) […]
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