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Walt Disney raised the offer to buy 21st Century Fox assets, increasing their estimate by one third - to 71 billion dollars. The company raised the amount for assets to Fox shareholders by $10 to $38 per share. This amount exceeds the competing offer from the media company Comcast by $3. Shareholders of Fox can choose whether to receive this amount in the form of cash or Disney shares. The deal will become one of the largest mergers of media companies in the history and will help Disney compete with Internet services such as Netflix. Receipt of a 39 percent stake in Sky's television channel will substantially increase the presence of Disney outside the United States.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
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